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Looking at the Time value of money: a) What a zero bond? b) Looking at an investment in a zero bond, what would happen if

Looking at the Time value of money:

a) What a zero bond?

b) Looking at an investment in a zero bond, what would happen if expectations increase?

c) Looking at an investment in a zero bond, what would happen if expectations decrease?

d) What does 'profit on expectations mean'?

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