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What happens to the coupon rate of a bond that pays $ 8 0 annually in interest if interest railes change from 9 percent to

What happens to the coupon rate of a bond that pays $80 annually in interest if interest railes change from 9 percent to 10 percent? 1) The coupon rate increases to 10 percent 2) The coupon rate remains at 9 percent 3) The coupon rate remains at 8 percent 4) The coupon rate decreases to 8 percent.

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