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Consider a 3-year bond with a par value of $1.000 and an 8% annual coupon, if interest rates change from 8 to 6% the
Consider a 3-year bond with a par value of $1.000 and an 8% annual coupon, if interest rates change from 8 to 6% the bond's price will: A. decrease by $53.46 B. increase by $53.46 C. decrease by $51.54 D. increase by $51.54
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Financial Markets and Institutions
Authors: Anthony Saunders, Marcia Cornett
6th edition
9780077641849, 77861663, 77641841, 978-0077861667
