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Business, 17.04.2020 00:43 hsnak

Suppose you purchase a $1,000 bond that bears an interest rate of 10 percent. What will happen if the interest rate goes to 20 percent? Group of answer choices The market price of the bond will increase to $2000. The market price of the bond will drop to $500. The return on the bond will halve. The return on the bond will double.

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