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solution

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

Question 9 options:

The bonds will sell at a discount and fall in value until maturity

The bonds will sell at a discount and rise in value until maturity.

The bonds will sell at a premium and rise in value until maturity

The bonds will sell at a premium and decline in value until maturity.

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