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DunkIT has two bond offerings, Bond Short and Bond Long. Bond Short has a five year term and Bond Long has a 20 year term.

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DunkIT has two bond offerings, Bond Short and Bond Long. Bond Short has a five year term and Bond Long has a 20 year term. Both bonds sold at par when they were issued last month. Soon after issuing these bonds, the market interest rate increased dramatically. What are the new relative prices of Bond Short and Bond Long? Price Bond Long = Price Bond Short = $1000 Price Bond Long $1000

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