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suppose you buy zero coupon bond with a value in duration equal to your obligation now suppose the rates immediately increase to 1 0 %
suppose you buy zero coupon bond with a value in duration equal to your obligation now suppose the rates immediately increase to what happens to your net position that is the difference between the value of the bond and that of your tuition obligation
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Investments An Introduction
Authors: Herbert B Mayo
10th Edition
0538452099, 9780538452090
