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Suppose you purchase a 23-year, 7.57 percent coupon (annual payments) bond at par ($1,000) and you plan to sell it at the end of 6

Suppose you purchase a 23-year, 7.57 percent coupon (annual payments) bond at par ($1,000) and you plan to sell it at the end of 6 years at the prevailing market price. When you purchase the bond, you...

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