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Consider a 5 - year bond with a 1 0 % coupon that has a present yield to maturity of 8 % . If interest

Consider a 5-year bond with a 10% coupon that has a present yield to maturity of 8%. If interest rates remain constant, one year from now, the price of this bond will be
a. higher.
b. lower.
c. Cannot be determined.
d. the same.
e. $1,000.

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