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If interest rates in the overall economy drop to 8 percent, which of the following is the market value of a $ 1,000 corporate bond

If interest rates in the overall economy drop to 8 percent, which of the following is the market value of a $ 1,000 corporate bond with a fixed interest rate of 10 percent most likely?

options

$ 1,200

$, 800

$ 940

$ 1000

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