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9. (3 points) If you believed interest rates were going to decrease, what type of bond would you select? Circle the appropriate choice. O High

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9. (3 points) If you believed interest rates were going to decrease, what type of bond would you select? Circle the appropriate choice. O High or low coupon? Short or long maturity? Premium or discount? High or low duration? | 10. (8 points) Stock X just paid a dividend of $2.0 a share. Growth is expected to be 8% for 6-years and then 3% there on. Given a ks 10%, find P2

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