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Ten years into a bond with a fifteen year maturity, interest rates have declined. The bond has a face value of $1000 and
Posted: Sun Jul 03, 2022 12:53 pm
by answerhappygod
- Ten Years Into A Bond With A Fifteen Year Maturity Interest Rates Have Declined The Bond Has A Face Value Of 1000 And 1 (172.86 KiB) Viewed 14 times
Ten years into a bond with a fifteen year maturity, interest rates have declined. The bond has a face value of $1000 and a coupon rate of 9%. If interest rates are now at 7%, what has happened to the price of the bond if it were to be sold in the secondary market? O It would sell for $1,000 It would sell for less than $1,000 It would sell for more than $1,000 There is not enough information to determine