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When a bond with face value of $1,000 was issued in 1986, the market interest rate was 10%. The company then decided to set the

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When a bond with face value of $1,000 was issued in 1986, the market interest rate was 10%. The company then decided to set the coupon rate at 10%. The maturity date of this bond is 2028. 30 years later, the market interest is now only 1% thanks to the monetary policy of the Federal Reserve. If you bought this bond in the beginning of 2016, Select one: O a. The annual coupon rate in 1986 was 1% O b. The annual coupon rate in 2016 is 1% c. In 1986, the market value of this bond was higher than $1,000 d. In 2016, the market value of this bond was higher than $1,000

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