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A Bond with 10 Years Until Maturity,an 8% Coupon,and an 8

Question 118

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A bond with 10 years until maturity,an 8% coupon,and an 8% yield to maturity increased in price to $1,107.83 yesterday.What apparently happened to interest rates?


A) Rates increased by 2.0%.
B) Rates decreased by 2.0%.
C) Rates increased by .72%.
D) Rates decreased by 1.5%.

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