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Consider two bonds, X and Y. Both bonds presently are selling at their par value of $1,000. Each pays interest of $100 annually. Bond X

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Consider two bonds, X and Y. Both bonds presently are selling at their par value of $1,000. Each pays interest of $100 annually. Bond X will mature in 12 years while bond Y will mature in 14 years. If the yields to maturity on the two bonds decrease from 10% to 8% Select one: a. both bonds will decrease in value, but bond Y will decrease more than bond X. O b. both bonds will increase in value, but bond y will increase more than bond X. Oc. both bonds will decrease in value, but bond X will decrease more than bond Y. O d. both bonds will increase in value, but bond X will increase more than bond Y

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