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Business, 23.10.2019 05:00 KayleighMorganhopkin

The corner grocer has a 7-year, 6.5 percent semiannual coupon bond outstanding with a $1,000 par value. the bond has a yield to maturity of 5.5 percent. which one of the following statements is correct if the market yield suddenly increases to 5.8 percent?

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