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9. John buys a bond at time t and sells it at time t+1. He calculates his rate of return to be R=-6%, and C

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9. John buys a bond at time t and sells it at time t+1. He calculates his rate of return to be R=-6%, and C = $25. Suppose that the relationship between the bond price at time t and t+1 is given by 0.90 * P = Pt+1. Find ic,g, P. and Pe+1. (Hint: find g first) BA

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