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We compare two Treasury bond with the same coupon rate and face value. The first Treasury bond is a ten-year bond that was issued five
We compare two Treasury bond with the same coupon rate and face value. The first Treasury bond is a ten-year bond that was issued five years ago. The second Treasury bond is a newly-issued bond with five years to maturity. Based on historical data, would you expect the first bond to trade at the same yield as the second one? Explain your answer.
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