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This question: 1 point(s) You have purchased a 6% coupon bond for $1,050 . What will happen to the bond's price if market interest rates

This question: 1 point(s)\ You have purchased a

6%

coupon bond for

$1,050

. What will happen to the bond's price if market interest rates rise?\ If market interest rates rise, the bond's price will\ (Select from the drop-down menu.)

image text in transcribed
You have purchased a 6% coupon bond for $1,050. What will happen to the bond's price if market interest rates rise? If market interest rates rise, the bond's price will (Select from the drop-down menu.)

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