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You buy a 12 percent, 25-year, $1,000 par value floating rate bond in 2025. By the year 2030, rates on bonds of similar risk are

You buy a 12 percent, 25-year, $1,000 par value floating rate bond in 2025. By the year 2030, rates on bonds of similar risk are up to 14 percent. What is your one best guess as to the value of the bond

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