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We buy a 18% 25 year bond now, when market rates are 10%, and intend to sell it in 25 years when market rates are
We buy a 18% 25 year bond now, when market rates are 10%, and intend to sell it in 25 years when market rates are 22%. What should we pay now?
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
11th edition
9781259278617, 77861647, 1259278611, 978-0077861643
