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Suppose a 5-year zero-coupon bond price went up by a certain percentage in the 1st year, then down by the same percentage in the 2nd
Suppose a 5-year zero-coupon bond price went up by a certain percentage in the 1st year, then down by the same percentage in the 2nd year. Over the 2-year period, how has its price changed?
- Increased
- Decreased
- Stayed the same
- It depends on the percentage
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Commodity Market Trading And Investment
Authors: Tom James
1st Edition
1137432802, 978-1137432803
