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Business, 26.02.2020 05:23 imaniii88

Quirk Drugs sold an issue of 30-year, $1,000 par value bonds to the public that carry a 10.85% coupon rate, payable semiannually. It is now 10 years later, and the current market rate of interest is 9.00%. If interest rates remain at 9.00% until Quirk's bonds mature, what will happen to the value of the bonds over time?

A) The bonds will sell at a discount and rise in value until maturity.
B) The bonds will sell at a discount and fall in value until maturity.
C) The bonds will sell at a premium and decline in value until maturity.
D) The bonds will sell at a premium and rise in value until maturity

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