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Between October 30, 2017, and November 1, 2017, you have a choice between owning a U.S. government bond paying a 12% coupon and a U.S.

Between October 30, 2017, and November 1, 2017, you have a choice between owning a U.S. government bond paying a 12% coupon and a U.S. corporate bond paying a 12% coupon. Consider carefully the day count conventions discussed in this chapter and decide which of the two bonds you would prefer to own. Ignore the risk of default.

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