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You are the managing director of the bond trading desk at JP Morgan Chase. After getting to your corner office on Wall Street this morning,
You are the managing director of the bond trading desk at JP Morgan Chase. After
getting to your corner office on Wall Street this morning, you turned on your Bloomberg terminal to see how the market interest rates change. As you were looking at positive market nominal interest quotes you look at every single morning, an amazing revelation crossed your mind: because of the absence of arbitrage, you know for sure that time travel will NEVER be invented. Why is that? Explain.
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