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If interest rates remain constant, the price of a 15-year bond with a 15 percent coupon and a 12 percent yield-to-maturity will be ______ than
If interest rates remain constant, the price of a 15-year bond with a 15 percent coupon and a 12 percent yield-to-maturity will be ______ than its current level in one year. the same cannot be determined with certainty lower higher
a-the same
b-cannot be determined with certainty
c-lower
d-higher
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