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3. a) An investor with 1-year horizon is considering purchases a 4% coupon, 20-year bond with yield-to- maturity of 4.4%. What is her break-even price

3. a) An investor with 1-year horizon is considering purchases a 4% coupon, 20-year bond with yield-to- maturity of 4.4%. What is her break-even price (ROR 0%)? b) What must be the bond's price on the horizon date in order to achieve a 4.4% ROR

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