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An investment bank agrees to underwrite a $500 million, 10-year, 8% semiannual coupon bond issue at par for ABC on a firm commitment basis. The

An investment bank agrees to underwrite a $500 million, 10-year, 8% semiannual coupon bond issue at par for ABC on a firm commitment basis. The investment bank pays ABC on Thursday and plans to begin a public sale on Friday. If interest rates RISE 0.05% overnight, what will be the impact on the investment bank's profits?

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