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OK, one last time for our railroad story. Looking back at problem 2 where in 2015 you bought a 20 year W&WR bond for $1,000
OK, one last time for our railroad story. Looking back at problem 2 where in 2015 you bought a 20 year W&WR bond for $1,000 with a coupon of 7%, what would be the value of your bond if the interest rates (coupon) for similar bonds stayed at 7% (did not go up to 9%) and yes, of course I need to see all work.
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