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QUESTION 19 Consider a 3-year bond with a par value of $1,000 and an 8% annual coupon. If interest rates change from 8% to 7%

QUESTION 19 "Consider a 3-year bond with a par value of $1,000 and an 8% annual coupon. If interest rates change from 8% to 7% the bond's price will: decrease by $29.56. increase by $29.56. increase by $26.24 decrease by $26.24

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