If a bond has a face value of $1,000 and has a 10% coupon rate, how...
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If a bond has a face value of $1,000 and has a 10% coupon rate, how much is the bond worth after interest rates decrease to 5%? a) $800 b) $1,400 c) $2,000 d) $1,250 If a bond has a face value of $1,000 and has a 10% coupon rate, how much is the bond worth after interest rates decrease to 5%? a) $800 b) $1,400 c) $2,000 d) $1,250
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