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1) Which $1000 8% bond has the largest present value when the current ytm is 2%: a bond which matures in 2 years or one
1) Which $1000 8% bond has the largest present value when the current ytm is 2%: a bond which matures in 2 years or one that matures in 20 years?
2) What is the term (t) for an investment at 5% to triple in value?
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