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Utility sector stocks are often considered as proxies to bonds because the price of these securities is most likely to change in response to interest
Utility sector stocks are often considered as proxies to bonds because the price of these securities is most likely to change in response to interest rate changes. If a stock has a dividend yield of explain what will be the most likely outcome of a utility stock price and dividend yield in the face of changing interest rates. Provide a numerical example.
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