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In the lecture and in the assigned reading you saw a figure that illustrates the effect of time on bond prices. As part of that
In the lecture and in the assigned reading you saw a figure that illustrates the effect of time on bond prices. As part of that figure the flat price and the invoice price is shown. The invoice price follows a "saw tooth" pattern across time. What is the maximum vertical distance between the saw tooth pattern and the flat price? O face value O 1 dividend payment O 1 coupon payment O current yield
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