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What happens when a bond's expected cash flows are discounted at a rate higher than the bond's coupon rate? Select one: O a. The price

What happens when a bond's expected cash flows are discounted at a rate higher than the bond's coupon rate? Select one: O a. The price of the bond increases. O b. The coupon rate of the bond increases. c. The par value of the bond decreases. Od. The price of the bond decreases

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