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Brent purchased a 20-year zero-coupon bond with a $1,000 par value and a 6% yield to maturity. One year later, interest rates increased to 8%.
Brent purchased a 20-year zero-coupon bond with a $1,000 par value and a 6% yield to maturity. One year later, interest rates increased to 8%. Brent's loss in this investment is ____.
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