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Price a 3% coupon, $1000 face value 10 year bond if market rates are 2% for the first 5 years and 4% for the last
Price a 3% coupon, $1000 face value 10 year bond if market rates are 2% for the first 5 years and 4% for the last 5 years. Show in dollars and percent what you earn if you hold this bond for 2 years.
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