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Q19 Bond price a. reflects the present value of the discounted future cash flows promised by the issuer of this bond. b. is determined by

Q19 Bond price

a.

reflects the present value of the discounted future cash flows promised by the issuer of this bond.

b.

is determined by the demand for and supply of the bond.

c.

is negatively related to the change in interest rate.

d.

All other answers are correct.

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