Question: 5. Assume the yield curve experiences a sudden shift such that the new yield curve is higher and more upward steeply sloped today than it

5. Assume the yield curve experiences a sudden shift such that

5. Assume the yield curve experiences a sudden shift such that the new yield curve is higher and more upward steeply sloped today than it was yesterday. If a firm issues new bonds today, would its bonds sell for higher or lower prices than if it had issued the bonds yesterday? Explain

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