Why might you sell bonds at this time

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You have $25,000 in US Steel bonds with a 4% coupon and 18 years to maturity. Comparable market interest rates are now 6.5%.

a) What price would you currently get for your bonds in the bond market?

b) Why might you sell these bonds at this time, for this price, in the bond market?

Reference no: EM132491786

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