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A bond with a 1 0 - year duration is worth $ 1 , 0 8 0 , and its yield to maturity is 8
A bond with a year duration is worth $ and its yield to maturity is If the yield to maturity rises to you would predict that the new value of the bond will be approximately
$
$
$
$
Methods of encouraging managers to act in shareholders' best interest include:
Threat of takeover.
Proxy fights for control of the board of directors.
Tying managers' compensation to stock price performance.
Increasing managers' salary
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