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How much would be the unrealised loss to an investor (in dollars and cents to two decimal places) if they purchased a 30-year zero-coupon bond
How much would be the unrealised loss to an investor (in dollars and cents to two decimal places) if they purchased a 30-year zero-coupon bond with a $1,000 par value and 10% yield to maturity, only to see market interest rates increase to 12% one year later?(Hint: By how much would the price drop, to two decimal places, from a year earlier?)
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