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What happens to a typical corporate bond when the interest rates suddenly go up? a. the price of the bond goes down b. the information

What happens to a typical corporate bond when the interest rates suddenly go up?

a. the price of the bond goes down

b. the information given is not sufficient to answer the question

c. nothing happens to the bond, but everyone wants to buy it

d. the price of the bond goes up

the coupon rate on the bond goes up

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