Use equation (26.3) to show that What limits does this inequality impose on the price and yield
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Use equation (26.3) to show that
What limits does this inequality impose on the price and yield of a 20-year bond in the example in Table 26.4 when the claim amount is the face value plus accrued interest?
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G - T Pia _ a i=l J-1 (T) ^B^(- 7=1
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