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3. You are a bond portfolio manager and expect required returns to fall more than the market expects. Which of the following bonds is most
3. You are a bond portfolio manager and expect required returns to fall more than the market expects. Which of the following bonds is most attractive to you and explain why? Bond 18% coupon bond, 10 years until maturity Bond 24 4 coupon bond, 10 years until maturity Bond 3 Zero-coupon bond, 10 years until maturity Bond 4 Zero-coupon bond, 7 years until maturity
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