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What happens when happens when interest rate (i.e. yield-to-maturity) decreases on a bond? A. The price of the bond increases. OB. The coupon rate of
What happens when happens when interest rate (i.e. yield-to-maturity) decreases on a bond? A. The price of the bond increases. OB. The coupon rate of the bond increases. O C. The par value of the bond decreases. D. The coupon payments are adjusted to the new discount rate.
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