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A bond carries a fixed, contractural interest rate resulting in a fixed interest payment to holders of the bond. What if the current market interest
A bond carries a fixed, contractural interest rate resulting in a fixed interest payment to holders of the bond. What if the current market interest rate is different--can the bond even sell in the market?
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
