Suppose that you purchased a debt obligation three years, Microeconomics

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Suppose that you purchased a debt obligation three years

Question: Suppose that you purchased a debt obligation three years ago at its par value of $100,000 and nine years remaining to maturity. The market price of this debt obligation today is $90,000. What are some reasons why the price of this debt obligation could have declined since you purchased it three years ago?

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Microeconomics: Suppose that you purchased a debt obligation three years

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Microeconomics: Suppose that you purchased a debt obligation three years

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