Question
You own a 30-year bond issued by Apple. The yield is 3.75%. 30-year Treasury rates are at 2.0%. The price is at par (100).
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Financial Institutions Management A Risk Management Approach
Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders
8th edition
978-0078034800, 78034809, 978-0071051590
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