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