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Consider a pure discount bond with 10 years remaining to maturity selling for $61.39133 per $100 of face value. If the bond's yield remains
Consider a pure discount bond with 10 years remaining to maturity selling for $61.39133 per $100 of face value. If the bond's yield remains constant over the next three years what price will the bond be selling for with 9, 8, and 7 years remaining to maturity? How high would the yield have to rise in order that, with 6 years remaining to maturity, the bond's price would be the same as two years' prior, when it had 8 years remaining to maturity? antive interest rates an unward-
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Investments Analysis and Management
Authors: Charles P. Jones
12th edition
978-1118475904, 1118475909, 1118363299, 978-1118363294
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