My father purchased a 30-year Treasury bond for me when I was born. The T-bond...
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Finance
My father purchased a 30-year Treasury bond for me when I was born. The T-bond was issued with a face value of $1,000, paying interest of $60 per year. If market yields increased shortly after the T-bond was issued, what happened to the bond's
a) coupon rate?
b) price?
c) yield to maturity?
d) current yield?
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