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One year before maturity, the price of a bond with a principal amount of $ 1 , 0 0 0 and a coupon rate of

One year before maturity, the price of a bond with a principal amount of $1,000 and a coupon rate of 4 percent paid annually fell to $981. The new one-year interest rate must beQuestion 37 Answera.4 percent.b.1.9 percent.c.8.9 percent.d.6.0 percent.

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