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You buy a 9 percent, 20 -year, $1,000 par value floating rate bond in 2025 . By the year 2030 , rates on bonds of

You buy a 9 percent, 20 -year, $1,000 par value floating rate bond in 2025 . By the year 2030 , rates on bonds of similar-risk are up to 11 percent. What is your one best guess as to the value of the bond

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