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A 10-year 5% bond was issued 2 years ago at a YTM of 3.5%. Yields have since dropped even further to 2.5% and are expected
A 10-year 5% bond was issued 2 years ago at a YTM of 3.5%. Yields have since dropped even further to 2.5% and are expected to remain at that level for the next 3 years before rising to 3.5%. What will be the rolldown return for this bond over then next 3 years
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