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Suppose you buy a 8.25% percent annual coupon bond for $1,030. The bond has 20 years to maturity. The interest is paid once a year

Suppose you buy a 8.25% percent annual coupon bond for $1,030. The bond has 20 years to maturity. The interest is paid once a year . Three years from now, the YTM has declined by 1.50% and you ...

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