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If a company has issued a fixed-interest bond to investors and then later interest rates fall on comparable securities, the value of the existing fixed-interest

If a company has issued a fixed-interest bond to investors and then later interest rates fall on comparable securities, the value of the existing fixed-interest bond:

Select one:

a.

will increase.

b.

will decrease.

c.

will be unaffected.

d.

depends only on the credit risk of the issuer.

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