The Cheltenham Company has a semi-annual coupon bond outstanding.A increase in interest rates will have which one
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Question:
The Cheltenham Company has a semi-annual coupon bond outstanding.A increase in interest rates will have which one of the following effects on the bond?
.
A.decrease the coupon rate
B.increase the coupon rate
C.increase the time to maturity
D.decrease the market price
E.increase the market price.
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