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When interest rates move from 9 to 10% per annum for a three-year bond paying a 9% per annum coupon, the: Select one: a.coupon rate
When interest rates move from 9 to 10% per annum for a three-year bond paying a 9% per annum coupon, the:
Select one:
a.coupon rate becomes higher than the current market yield.
b.present value of the bond becomes higher than the face value.
c.current yield becomes higher than the coupon rate.
d.current price of the bond will increase.
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