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2. What is the discount or premium bond? 3. What would happen to the values of the 7%, 10%, and 13% coupon bonds over time
2. What is the discount or premium bond? 3. What would happen to the values of the 7%, 10%, and 13% coupon bonds over time if the required return remained at 10%? (Hint: With a financial calculator, enter PMT, I/YR, FV, and N; then change (override) N to see what happens to the PV as it approaches maturity.)
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