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A $1000 bond, redeemable at par, with annual coupons at 10% is purchased for $1050. If the write-down in the book value is $20 at
A $1000 bond, redeemable at par, with annual coupons at 10% is purchased for $1050. If the write-down in the book value is $20 at the end of the 1st year, what is the write-down at the end of the 4th year
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