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Bond A has a 7% coupon rate, paid annually. Maturity is in three years. The bond sells at par value $1000. The actual price of

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Bond A has a 7% coupon rate, paid annually. Maturity is in three years. The bond sells at par value $1000. The actual price of the bond if the interest rate immediately increases from 7% to 8% is A. 976.25 B. 973.23 OC. 978.23 OD. 974.23

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