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QUESTION 6 A 12-year bond has an annual coupon of 9%. The coupon rate will remain fixed until the bond matures. The bond has a

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QUESTION 6 A 12-year bond has an annual coupon of 9%. The coupon rate will remain fixed until the bond matures. The bond has a yield to maturity of 7% which of the following statements is CORRECT? a The bond should currently be selling at its par value ob If market interest rates remain unchanged, the bond's price one year from now will be higher than it is today C. If market rates Oc If market interest rates remain unchanged, the bond's price one year from now will be lower than it s today d If market interest rates declime, the price of the bond will also decline. e.The bond is currently selling at a price below its par value

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