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5. An investor with a five year investment horizon is considering three bonds whose characteristics are given. Assume the cash flows over the next 5

image text in transcribed 5. An investor with a five year investment horizon is considering three bonds whose characteristics are given. Assume the cash flows over the next 5 years can be reinvested at 8%. Also assume that Bond C can be sold at a YTM of 4% after 5 years. Which one is the best choice

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