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What happens to the price of a one-year bond with an 8% coupon when interest rates change from 12% to 8% ? a. A price

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What happens to the price of a one-year bond with an 8% coupon when interest rates change from 12% to 8% ? a. A price increase of $53.71 b. A price decrease of $35.71 c. A price decrease of $53.71 d. No change in price e. None of the above Clear my choice

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