For the bond described in question #60, the price elasticity when interest rates move above the bond's coupon rate must be (to the nearest thousandth place):
A) -0.781
B) -0.510
C) -0.632
D) -0.753
E) None of the above

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The Answer of For the bond described in question #60, the price elasticity when interest rates move above the bond's coupon rate must be (to the nearest thousandth place):
A) -0.781
B) -0.510
C) -0.632
D) -0.753
E) None of the above

For the Bond Described in Question #60, the Price Elasticity