Discuss qualitatively how your answer to exercise 23.8 would change if the bond in exercise 23.7 was

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Discuss qualitatively how your answer to exercise 23.8 would change if the bond in exercise 23.7 was a 10 percent 2-year par bond. (This means that the term structure of interest rates is not flat.)

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Financial Markets And Corporate Strategy

ISBN: 9780077119027

1st Edition

Authors: David Hillier, Mark Grinblatt, Sheridan Titman

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