Question: Consider a 3 - year bond with a par value of $ 1 , 0 0 0 and an 8 % annual coupon. If interest

Consider a 3-year bond with a par value of $1,000 and an 8% annual coupon. If interest rates change from 8% to 6% the bond's price will:
Multiple Choice
increase by $53.46.
decrease by $53.46.
increase by $51.54.
decrease by $51.54.
Consider a 3-year bond with a par value of $1,000 and

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