Business, 10.03.2020 08:01, smartie80

Assume initially that market interest rates are 7% and the bondholder is receiving a $70 coupon payment per year on a bond with a face value of $1,000. If market interest rates rise to 8%, the bond price:

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Assume initially that market interest rates are 7% and the bondholder is receiving a $70 coupon paym...