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Use the following information to answer all accounting questions All else being equal, if the yield-to-maturity of a bond increases, then the price of the

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Use the following information to answer all accounting questions All else being equal, if the yield-to-maturity of a bond increases, then the price of the bond Information insufficient to answer Increases, then decreases to the par value Stays the same Increases Decreases Question 12 (1 point) The price of the coupon paying bond is $977. The firm has estimated that its cost of debt is 7%. The bond has a maturity of 20 years and paid semi-annually. What is the annual coupon rate of this FCB? 6.88% 6.78% 6.58% 6.98% 6.68%

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