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Business, 11.03.2020 23:12 Chavens520
Suppose you buy a 7 percent coupon, 20-year bond today when it’s first issued. If interest rates suddenly rise to 15 percent, what happens to the value of your bond? Select one: The price of the bond will fall. The price of the bond will rise.
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Suppose you buy a 7 percent coupon, 20-year bond today when it’s first issued. If interest rates sud...
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