Consider a 3-year bond with a par value of $1,000 and an 8% annual coupon. If interest rates change from 8% to 6% the bond's price will:
A) increase by $53.46.
B) decrease by $53.46.
C) increase by $51.54.
D) decrease by $51.54.
Answer: A) increase by $53.46.
Business
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Which of the following statements is true regarding a market structure?
A) A market structure is a type of a functional structure. B) A market structure aligns functional skills and competences with the product needs of different customer groups. C) Organizations using the market structure have the tallest hierarchies. D) The market structure is the most suitable for a company that operates in a continuously changing environment and manufactures complex products.
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