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4 . You want to secure a payment of $ 1 0 million in 8 years. You find a 1 2 - year, 1 0
You want to secure a payment of $ million in years. You find a year, coupon semiannual bond with a face value of $ with a YTM It has a duration of How many of these bonds will you purchase today to generate the appropriate payout in years? Now, show that if after you purchase the bond rates suddenly change so that the new YTM on the bond is you will still generate the appropriate $ million payout in year
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