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You buy a bond today at face value for $1,000 with a 5.1% coupon interest payment. The bond matures in 9 years. One year from
You buy a bond today at face value for $1,000 with a 5.1% coupon interest payment. The bond matures in 9 years.
One year from now, you sell your bond when interest rates are 8.6%. What is your rate of return?
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N Hyman
8th Edition
0324259700, 978-0324259704
