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What happens to the price of a two-year bond with an 8% coupon when interest rates change from 7% to 8% ? a. A price

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What happens to the price of a two-year bond with an 8% coupon when interest rates change from 7% to 8% ? a. A price increase of $26.24 b. A price decrease of $26.24 c. A price decrease of $18.08 d. A price increase of $18.08 e. None of the above

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