You buy an 8 percent, 25-year, $1,000-par-value floating rate bond in 2025. By the year 2030, rates

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You buy an 8 percent, 25-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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Foundations Of Financial Management

ISBN: 9781264097623

18th Edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen

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Question Posted: Sep 28, 2023 03:58 AM

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You buy an 8 percent, 25-year, $1,000-par-value floating rate bond in 2025. By the year 2030, rates

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Foundations Of Financial Management

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