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there is a 1 5 year, 7 % bond that we want to buy when the discount rates are 8 % . We want to

there is a 15 year, 7% bond that we want to buy when the discount rates are 8%. We want to sell it in 4 years, when the required rates fall to 6%. How much do we pay for it now and how much do we sell it for in 4 years?

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