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Middleton expects to buy a 9.5% coupon, 15 years bond today, when it is first issued by Alex PLC. If interest rates suddenly rise to
Middleton expects to buy a 9.5% coupon, 15 years bond today, when it is first issued by Alex PLC. If interest rates suddenly rise to 12.5%, what happens to the value of Middletons bond? Why?
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Clever Girl Finance Learn How Investing Works Grow Your Money
Authors: Bola Sokunbi
1st Edition
1119696739, 978-1119696735
