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Finance: Say there is a coupon rate of 10% on a $1,000 face value with 10% interest. You plan to sell it after 1 year.
Finance:
Say there is a coupon rate of 10% on a $1,000 face value with 10% interest. You plan to sell it after 1 year. After the first year, the interest goes up to 15% for years 2 and 3. What is the price after the 1st year? What is the rate of return after the 1st year?
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