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The price of a bond: a. will remain $1000 from the time it is first issued, until it matures. b. starts out at $1000 when
The price of a bond:
a. | will remain $1000 from the time it is first issued, until it matures. | |
b. | starts out at $1000 when first issued, but then is subject to market forces. | |
c. | will never drop down to $960. | |
d. | will rise, if the interest rate environment rises. | |
e. | none of the above. |
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