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17- An investor buys a $1,000, 20-year 7 percent (interest paidannually) bond at par. After five years have passed, interest ratesare 10 percent. How much
17- An investor buys a $1,000, 20-year 7 percent (interest paidannually) bond at par. After five years have passed, interest ratesare 10 percent. How much did the investor lose on the purchase ofth 2 answers
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Derivatives Markets
Authors: Rober L. Macdonald
4th edition
321543084, 978-0321543080
