The Alberta Capital Finance Authority issued a 20-year $100,000 bond on December 15, 2005, with a coupon rate of 4.45%.

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answerhappygod
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The Alberta Capital Finance Authority issued a 20-year $100,000 bond on December 15, 2005, with a coupon rate of 4.45%.

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The Alberta Capital Finance Authority issued a 20-year $100,000bond on December 15, 2005, with a coupon rate of 4.45%. IfMirabellepurchased the bond on June 15, 2007, at a market rate of 4.56% andsubsequently sold the bond on March 31, 2009, at a market rateof3.74%, determine the amount by which the market price increased ordecreased for Mirabelle
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