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You purchased a $1,000 five percent coupon bond that matures in 10 years.

How much would your bond be worth if interest rates fall to 4% the day after you purchase the bond? What would the bond be worth in one year if interest rates fell to 4% at that point?

Submitted: 304 days and 23 hours ago.
Category: Math
Value: $9
Status: CLOSED
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Optional Information

Level: sophomore; Subject: Finance

Accepted Answer

Hello XXXXX,

please see: sk1llz.doc

Sincerely,
Sk1llz

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Expert: Sk1llz
Pos. Feedback: 100.0 %
Accepts: 1523
Answered: 1/7/2009

Mastermind

Mathematics, Statistics and Physics

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