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just this morning, you bought a bond issued by James Corporation at par. The bond was a 2 0 year bond with a face value
just this morning, you bought a bond issued by James Corporation at par. The bond was a year bond with a face value of paying annual coupons. at ; pm today, CNN has a breaking news announcing that FBI has a search warrant and entered their coroporate headquarters looking for documents. The market reacts to the news and the yield on the bond jumps by that is the new yield is higher than the yeild that you were hoping to get when you bought this morning. Reacting to the news, you sell the bond. in the process would i incurr either a loss or profit? Additionaly what would that loss or profit be Show how to do on a basic financial calculator
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