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Assume that Peter purchased a 30-year, 8.76 percent coupon (annual payments) bond at par ($1,000). He sold the bond after 9 years for $1,060.09. He
Assume that Peter purchased a 30-year, 8.76 percent coupon (annual payments) bond at par ($1,000). He sold the bond after 9 years for $1,060.09. He reinvested the coupon payments at the 4.44 percent c...
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