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Calculate the price of a 30-year, 8% coupon bond for a market interest rate of 3% per half year. Compare the capital gains for the
Calculate the price of a 30-year, 8% coupon bond for a market interest rate of 3% per half year. Compare the capital gains for the interest rate decline (relative to par value) to the losses incurred when the rate increases to 5% per half year
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