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Sally purchased a 10 year $10,000 bond at par, that pays 8% interest. Two years later she needs to sell her bond. Interest rates are
Sally purchased a 10 year $10,000 bond at par, that pays 8% interest. Two years later she needs to sell her bond. Interest rates are now 9% Will she be happy because her bond is worth more then 10000 or less than?
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