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Quirk agrees to the investment banks terms and carsim issued the debt. Over the nest 2 years the economy is booming with gross domestic product

Quirk agrees to the investment banks terms and carsim issued the debt. Over the nest 2 years the economy is booming with gross domestic product increasing at 4% per year. Unemployment is at 3% and the federal reseve takes policies that increase the interest rates. During this economic boom, carsium is doing well from a financial strength standpoint and has mainatined the BBB rating provided. However the stock price has remained constant at $6 a share since issuance. What has likely happened to the market value, or price of the carsium bonds?
A. The bonds are like trading at the face value of $1,000
B. B. The bonds are like trading higher than the face value at $1,200
C. The bonds are likely trading lower than the face value at $850.00

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