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Andrew's has 5-year, 8 percent annual coupon bonds outstanding with a par value of $1,000. Boyega's has 10-year, 8 percent annual coupon bonds outstanding with
Andrew's has 5-year, 8 percent annual coupon bonds outstanding with a par value of $1,000. Boyega's has 10-year, 8 percent annual coupon bonds outstanding with a par value of $1,000. Both bonds currently have a yield to maturity of 8 percent. What would be the dollar gains or losses to the investors if the market rate decreases to 7 percent? 11:40 PM 
Andrew's has 5-year, 8 percent annual coupon bonds outstanding with a par value of $1,000. Boyega's has 10-year, 8 percent annual coupon bonds outstanding with a par value of $1,000. Both bonds currently have a yield to maturity of 8 percent. What would be the dollar gains or losses to the investors if the market rate decreases to 7 percent? 11:40 PM
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