Several things emerge from this table first interest rates


Several things emerge from this table. First, interest rates apparently fell between December 31, 1995, and May 6, 2008 (why?). After that, however, they rose (why?). The bond's price first gained .84 percent and then lost 30.3 percent. These swings illustrate that longer-term bonds have significant interest rate risk.

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Financial Management: Several things emerge from this table first interest rates
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