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Posted on Aug 30, 2024

You buy an 8 percent, 3 0 - year, $ 1 , 0 0 0 par value floating rate bond in 2 0 2 5

You buy an

8

percent,

30 -

year, $

1, 000

par value floating rate bond in

2025 .

By the year

2030,

rates on bonds of similar risk are up to

10

percent.

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