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2. You bought a 10-year bond for $1,000 on Jan 1, 2010 with an interest rate of 10% paid annually. At the end of year
2. You bought a 10-year bond for $1,000 on Jan 1, 2010 with an interest rate of 10% paid annually. At the end of year 3, the interest rate in the market for a comparable bond went up to 20%. What should be the market price of the bond on Jan 1, 2013
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Business Communication Essentials
Authors: Courtland Bovee
4th Canadian Edition
0133508706, 978-0133508703
