Imagine a 12-year bond issued by Etisalat Company. It has a face value of $1,500 and a fixed coupon payment of $100. i. What is the interest rate on this bond? _________

Imagine a 12-year bond issued by Etisalat Company.  It has a face value of $1,500 and a fixed coupon payment of $100.        i.            What is the interest rate on this bond? _________      ii.            Now the market interest rate moves to 5%.  Is Etisalat bond attractive or unattractive, and why?    iii.            Average money holding will ———————?

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