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1. Bond Prices and Interest Rate Changes A 6.5 percent coupon bond with 14 years left to maturity is priced to offer a 7.2 percent
1. Bond Prices and Interest Rate Changes A 6.5 percent coupon bond with 14 years left to maturity is priced to offer a 7.2 percent yield to maturity. You believe that in one year, the yield to maturit...
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