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An investor purchases an eight - year, 6 . 4 % annual coupon eurobond priced at par ( settlement: 1 5 June 2 0 3
An investor purchases an eightyear, annual coupon eurobond priced at par settlement: June ; maturity: December and sells it after six years. Assuming interest rates rise by bps immediately after purchase, the investors rate of return at the end of six years is:
Alower than
Bequal to
Chigher than
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