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Posted on Sep 20, 2024

You buy a 6 percent, 1 5 - year, $ 1 , 0 0 0 par value floating rate bond in 2 0 2 5

You buy a

6

percent,

15 -

year, $

1, 000

par value floating rate bond in

2025 .

By the year

2030,

rates on bonds of similar risk are up to

8

percent.

What is your one best guess as to the value of the bond?

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