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Consider a 3-year bond with a par value of $1,000 and an 10% annual coupon. If interest rates change from 10% to 8% the bond's

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Consider a 3-year bond with a par value of $1,000 and an 10% annual coupon. If interest rates change from 10% to 8% the bond's price will: A. increase by $61.54. B. decrease by $78.46. C. increase by $51.54 D. decrease by $53.46

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