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Consider a five-year annuity paying $10,000 at a 4% yield. If the maturity is extended to six years, keeping the same yield, its price: decreases
- Consider a five-year annuity paying $10,000 at a 4% yield. If the maturity is extended to six years, keeping the same yield, its price:
- decreases
- increases
- remains the same
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
13th edition
1439078106, 111197375X, 9781439078105, 9781111973759, 978-1439078099
