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(C 2. Interpreting Bond Yields [LO2] Suppose you buy a 7 percent coupon, 20-year bond today when it's first issued. If interest rates suddenly rise

(C 2. Interpreting Bond Yields [LO2] Suppose you buy a 7 percent coupon, 20-year bond today when it's first issued. If interest rates suddenly rise to 15 percent, what happens to the value of your bond? Why

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