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The yield declines on a bond that pays a 5.00% annual coupon. Given this decline, it can be said that the bonds price: a. Will
The yield declines on a bond that pays a 5.00% annual coupon. Given this decline, it can be said that the bonds price: a. Will increase. b. Will not change c. Will decrease. d. Will decrease and the bond will sell at a discount. e. Will increase and the bond will sell at a premium.
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