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A fum issues a $10 million bond with a 7% coupon rate, 4 year maturity, and annual interest payments when market Interest rates are 6%

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A fum issues a $10 million bond with a 7% coupon rate, 4 year maturity, and annual interest payments when market Interest rates are 6% For an analyst covering the from what is the impact on the debt to equity ratio if the market rate of interest decreases after the bond is hoved? No change Adeo

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