Question: b ) A bond currently sells for $ 9 8 0 , whereas the present value of future cash flows of the bond is $

b) A bond currently sells for $980, whereas the present value of future cash flows of the bond is $995. This
price discrepancy enables us to generate "free-lunch" profits, i.e., arbitrage. (True / False)
b) A bond currently sells for $980, whereas the present value

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