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Suppose you buy a bond on the secondary market for $8,800. The bond is a 10 year bond with 3 years until maturity, has a

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Suppose you buy a bond on the secondary market for $8,800. The bond is a 10 year bond with 3 years until maturity, has a par value of $8,000 and a coupon payment of $400. Which of the following answers best explain what has happened? Interest rates have increased since the bond was issued, causing this bond to be less attractive on the secondary market Interest rates have declined since the bond was issued, causing this bond to be more attractive on the secondary market Interest rates have increased since the bond was issued, causing this bond to be more attractive on the secondary market Interest rates have declined since the bond was issued, causing this bond to be less attractive on the secondary market

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