When a perpetual bond with a face value of $1,000 is issued, general interest rates are...
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When a perpetual bond with a face value of $1,000 is issued, general interest rates are 3%, so the annual interest payment is issued, market interest rates rise to 4%, which forces the price of the bond to to a. $3; rise; $750 b. $30; fall; $750 c. $3; fall; $75 d. $30; rise; $750 After the bond is When a perpetual bond with a face value of $1,000 is issued, general interest rates are 3%, so the annual interest payment is issued, market interest rates rise to 4%, which forces the price of the bond to to a. $3; rise; $750 b. $30; fall; $750 c. $3; fall; $75 d. $30; rise; $750 After the bond is
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