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We buy a 12 year, 7% bond at the time that market rates are 6%. We intend to sell it in 2 years. At that
We buy a 12 year, 7% bond at the time that market rates are 6%. We intend to sell it in 2 years. At that time, the interest rates prevailing in the market are 4%. What do we sell the bond for in 2 years, and how much do we pay for it now? PLEASE USE FORMULA
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Investing In Fixed Income Securities Understanding The Bond Market
Authors: Gary Strumeyer
1st Edition
0471465127, 9780471465126
