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For a standard semi-annual coupon bond, when interest rates decrease, which of the following is true: The present value of the bond s remaining cash
For a standard semi-annual coupon bond, when interest rates decrease, which of the following is true:
| The present value of the bond s remaining cash flows declines. |
| The price of the bond increases. |
| The bond is called a discount bond. |
| The coupon amount increases. |
| None of these. |
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A First Course in Quantitative Finance
Authors: Thomas Mazzoni
1st edition
9781108411431, 978-1108419574
