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You purchased a 15% coupon rate bond from Happy Valley Hotel. A year later, the Federal Reserve decided to lower interest rates from 15% to
You purchased a 15% coupon rate bond from Happy Valley Hotel. A year later, the Federal Reserve decided to lower interest rates from 15% to 11%. Which of the following statements is CORRECT about the bond you're holding? A. Your bond is less valuable after the interest rate hike. B. You are going to have to sell it at a discount. C. The price of your bond will decrease. D. You can sell it at a premium
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