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13-03-2024
Business

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An investor with a 5-year investment horizon considers purchasing a 10-year $1,000 face value bond with a 7.5% coupon rate for $1050.20. The yield to maturity is 6.8%. The investor expects to be a:

a) Short-term investor
b) Long-term investor
c) Speculative investor
d) Risk-averse investor

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