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Consider two bonds. Each has a face value of $100 and matures in one year. One has a zero coupon payment, and the other pays $10 per year.
A. Explain how the two bonds differ
B. Calculate the price of each bond if the interest rate is 3%
C. Which bond has a higher price? And why
Researchers have put forth various theories to explain the observed widening of the income distribution in the United States over the past four decades. First, there has been a sh
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