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What would happen to the value of the 1 0 - year bond over time if the required rate of returned remained at 1 5

What would happen to the value of the

10 -

year bond over time if the required rate of returned remained at

15 % ?

With a financial calculator, enter pMT

,

/

,

,

and N

.

Change N to see PV change as approahes maturity.

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