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You buy a 20 year 6% annual coupon bond yielding 8%. One year later it is yielding 9%. Approximately how much did you lose in
You buy a 20 year 6% annual coupon bond yielding 8%. One year later it is yielding 9%. Approximately how much did you lose in dollars, if any?
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Modern Financial Markets Prices, Yields, And Risk Analysis
Authors: Mark Griffiths, Drew Winters, David W Blackwell
1st Edition
0470000104, 9780470000106
