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Asia Pacific Logistics Ltd. will soon receive $4.531 million from the sale of a patent to another company.The company plans to invest the entire proceedsin

Asia Pacific Logistics Ltd. will soon receive $4.531 million from the sale of a patent to another company.The company plans to invest the entire proceedsin a 18-year Treasury bond (4.50% coupon; $100,000 face value). The CFO believes that current rates are favorable, so he wishes to lock them in via ASX 10-year bond futures(6.00% coupon; $100,000face value).

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