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You bought a 30-year, 6% coupon bond with a yield to maturity of 9%. If the YTM declined to 8%, which one statement is true:

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You bought a 30-year, 6% coupon bond with a yield to maturity of 9%. If the YTM declined to 8%, which one statement is true: You lost money because you were getting 9% interest and now are getting 8% interest. The price increased The price decreased The coupons would adjust to $80 per year or $40 semi-annually

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