Suppose you manage the PUA endowment. You have invested in $10m worth of 2 years...
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Finance
Suppose you manage the PUA endowment. You have invested in $10m worth of 2 years zero-coupon French government bonds with 2.6% yield. When Moodys credit rating agency downgraded French government debt yesterday their yields went up one percentage point. What effect did this have on your investment? Assume the bonds have a $1,000 face value.
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