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You buy a 30-year zero coupon bond with a face value of $1000 and a 3% interest rate, compounded semi-annually. The moment after you buy

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You buy a 30-year zero coupon bond with a face value of $1000 and a 3% interest rate, compounded semi-annually. The moment after you buy the bond, the interest rate falls to 2.5%, compounded semi- annually. What is the percent change in the bond price? Note: the sign is important! 1 points Save Answer QUESTION 9 A bank offers a 30-year annuity with monthly payments of $100 (the first payment comes in 1 month from today). If the discount rate is 6%, compounded monthly, how much should this annuity cost today

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