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Question 2 10 pts Cody is considering buying one of two newly issued bonds. Bond X is a 10-year. 5.2% coupon bond that is non-callable.

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Question 2 10 pts Cody is considering buying one of two newly issued bonds. Bond X is a 10-year. 5.2% coupon bond that is non-callable. Bond Y is a 10-year, 5.5% bond that is callable after two years. Both bonds are comparable in all other aspects. Cody plans on holding his bond to maturity. What should Cody do if he feels that interest rates are going to decrease by 1% in the near future and then remain relatively stable thereafter? O purchase Bond Y O purchase neither X nor Y at this time purchase Bond X o negotiate a higher rate on Bond X 10 pts

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