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please answer and provide details! thank you! Use the bond term's below to answer the question Maturity 5 years Coupon Rate 3% Face value $1,000
please answer and provide details! thank you! 
Use the bond term's below to answer the question Maturity 5 years Coupon Rate 3% Face value $1,000 Annual Coupons When you buy the bond the interest rate is 5% Right after you buy the bond, the interest rate changes from 5.00% to 6.00% and remains there. What is the price effect in year 2? 0 -$23.39 O -$21.26 O-$25.73 -$26.89 - $28.30 Step by Step Solution
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Public Finance In Theory And Practice
Authors: Richard Abel Musgrave, Peggy B. Muscrave
5th Edition
0070441278, 978-0070441279
