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Milner's Tools has a 9 - year, 7 % annual coupon bond outstanding with a $ 1 , 0 0 0 par value. Carter's Tools

Milner's Tools has a 9-year, 7% annual coupon bond outstanding with a $1,000 par value. Carter's Tools has a 10-year, 6% annual coupon bond with a $1,000 par value. Both bonds currently have a yield to maturity of 6.5%. Which of the following statements is correct if the market yield increases to 6.75%?Multiple ChoiceBoth bonds would decrease in value by 2.50%.The Carter's bond will decrease in value by $16.82.The Milner's bond will increase in value by $16.82.The Carter's bond will decrease in value by 1.80%.The Milner's bond will increase in value by 1.63%.

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