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Andrews has 5 - year, 8 percent annual coupon bonds outstanding with a par value of $ 1 , 0 0 0 . Boyegas has
Andrews has year, percent annual coupon bonds outstanding with a par value of $ Boyegas has year, percent annual coupon bonds outstanding with a par value of $ Both bonds currently have a yield to maturity of percent. Which one of the following statements is correct if the market rate decreases to percent?Group of answer choicesBoth bonds will decrease in value by percent.Andrews bond will increase in value by $Boyegas bond will increase in value by percent.Andrews bond will increase in value by $Boyegas bond will increase in value by percent.
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