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Suppose that the interest rate in the market rises to 7%. How would this interest rate change affect the bond value and coupon payment of

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Suppose that the interest rate in the market rises to 7%. How would this interest rate change affect the bond value and coupon payment of the debt instrument described in question 44? Bond Value = $714, Coupon Payment = $30.00 Bond Value = $714, Coupon Payment = $50.00 Bond Value = $714, Coupon Payment = $70.00 Bond Value = $1,000, Coupon Payment = $50.00 Bond Value = $1,007, Coupon Payment = $70.00

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