Your company alexander has a bond retiring in 2020 this, Financial Management

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Your company alexander has a bond retiring in 2020 this

"Your company Alexander has a bond retiring in 2020. This bond has an interest rate of 13.5%, a face value of $10,300,000 and a closing price of $103.53. Since your company had sold these 10 year bonds at $100 in 2015, which way have interest rates moved since Alexander issued the bond?"

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