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A 25-year, $1,000 par value zero-coupon rate bond is to be issued to yield 8 percent. If Immediately upon issue, interest rates increased to 10
A 25-year, $1,000 par value zero-coupon rate bond is to be issued to yield 8 percent. If Immediately upon issue, interest rates increased to 10 percent, what would be the value of the zero-coupon rate bond?
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