You have purchased a 10% coupon bond for $1040. What will happen to the bonds price if
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Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a...
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The bonds price will go down Mathematically the discount rate will incre...View the full answer
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