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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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