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What happens to the price of a three-year bond with an interest rate (discount rate) of 8% when coupon rates change from 6% to 8%?
What happens to the price of a three-year bond with an interest rate (discount rate) of 8% when coupon rates change from 6% to 8%? Select one: O a. A price increase of $53.47 b. A price increase of $51.54 c. A price decrease of $53.47 d. A price decrease of $51.54 e. None of the above
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