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The market rate of interest is 4.47% and remains constant over time. You just purchased a 17-year bond with a coupon rate of 6.25% (and
The market rate of interest is 4.47% and remains constant over time. You just purchased a 17-year bond with a coupon rate of 6.25% (and face value of $1,000).
The bond price is:
Below par
At par
Above par
The bond price will:
Fall
stay the same
Rise
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Fundamentals Of Healthcare Finance
Authors: Paula H. Song, Kristin L. Reiter
4th Edition
1640553223, 978-1640553224
