Quirk Drugs sold an issue of 30-year, $1,000 par value bonds to the public that carry...

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Quirk Drugs sold an issue of 30-year, $1,000 par value bonds to the public that carry a 10.85% coupon rate, payable semiannually. It is now 10 years later, and the current market rate of interest is 9.00%. If interest rates remain at 9.00% until Quirk's bonds mature, what will happen to the value of the bonds over time? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a b The bonds will sell at a premium and decline in value until maturity. The bonds will sell at a discount and rise in value until maturity. C The bonds will sell at a premium and rise in value until maturity. P The bonds will sell at a discount and fall in value until maturity. Quirk Drugs sold an issue of 30-year, $1,000 par value bonds to the public that carry a 10.85% coupon rate, payable semiannually. It is now 10 years later, and the current market rate of interest is 9.00%. If interest rates remain at 9.00% until Quirk's bonds mature, what will happen to the value of the bonds over time? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a b The bonds will sell at a premium and decline in value until maturity. The bonds will sell at a discount and rise in value until maturity. C The bonds will sell at a premium and rise in value until maturity. P The bonds will sell at a discount and fall in value until maturity.