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The Economics of Money, Banking and Financial Markets 4th Edition by Frederic Mishkin
Edition 4ISBN: 978-0133859997The Economics of Money, Banking and Financial Markets 4th Edition by Frederic Mishkin
Edition 4ISBN: 978-0133859997 Exercise 21
With a discount bond, the return on the bond is equal to the rate of capital gain.
Explanation
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the return on a discount (zero-coupon) b...
The Economics of Money, Banking and Financial Markets 4th Edition by Frederic Mishkin
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