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What happens to the coupon rate of a bond that pays $90 annual coupons if market interest rates change from 11% to 8%? a. The
What happens to the coupon rate of a bond that pays $90 annual coupons if market interest rates change from 11% to 8%?
a. The coupon rate remains at 9%. b. The coupon rate increases to 11%. c. The coupon rate decreases at 9%. d. The coupon rate decreases to 8%. e. None of these
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