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a.Briefly discuss the effects of interest rates on the wealth of a bondholder. b.Why is the yield-to-maturity (YTM) not an ideal technique for measuring a

a.Briefly discuss the effects of interest rates on the wealth of a bondholder.

b.Why is the yield-to-maturity (YTM) not an ideal technique for measuring a bonds performance? Suggest an appropriate measure of a bonds performance.

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