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An investirient bank agrees to underwrite a 5100 milion, 15 year, 10 percent semiannual bond issue for a company on a firm commitinent basis. The

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An investirient bank agrees to underwrite a 5100 milion, 15 year, 10 percent semiannual bond issue for a company on a firm commitinent basis. The imuestment bank pays the company on Monday and plans to begin a public sale on Tuesday. If interest rates rise 0.5 percent, or fifty bats points, overrigit, what wit be the impact on the profits of the investment bank? 34,258,365 gain 53,735.975 gain $4,258.365 loss $3,735,975 ioss $1,239,175 grain

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