A bond pays a fixed percent of its face value every year. Explain what happens to the price of the bond when interest rates in the economy increase.

Name: A bond pays a fixed percent of its face value every year. Explain what happens to the price of the bond when interest rates in the economy increase.
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The Answer of A bond pays a fixed percent of its face value every year. Explain what happens to the price of the bond when interest rates in the economy increase.

A Bond Pays a Fixed Percent of Its Face Value