Question
If a Bond originally sells for $1,000 with a Coupon of 6%, and then interest rates go to 8%, the new price of the Bond
If a Bond originally sells for $1,000 with a Coupon of 6%, and then interest rates go to 8%, the new price of the Bond will be _______________.
Group of answer choices
positively related to the increase in interest rates
less than $1,000
more than $1,000
$1,000
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Financial Management Core Concepts
Authors: Raymond Brooks
3rd Edition
1292101423, 978-1292101422
