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John owns a corporate bond with a coupon rate of 10% that matures in 10 years. If interest rates go down to 8%, then: a)

John owns a corporate bond with a coupon rate of 10% that matures in 10 years. If interest rates go down to 8%, then: a) the value of John's bond will decrease b) the value of John's bond will increase c) the value of John's bond will remain the same d) it is not possible to value this bond

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