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Top management at your firm is considering a new bond issue, and they are trying to figure out optimal timingthis summer or next spring. The

Top management at your firm is considering a new bond issue, and they are trying to figure out optimal timingthis summer or next spring. The firm wants to minimize the interest expense, so it wants to develop some interest rate forecasts. They task you with conducting research on the Federal Reserve and expectations for what the Federal Open Market Committee will do with interest rates over the next three quarters

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