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Business, 25.02.2020 20:54 savage2015mj

A municipal bond dealer buys 100M of 30 year non-callable 9% General Obligation bonds at par less 1 point. After holding the bonds in inventory for a week, the dealer reoffers the bonds on a 9.10 basis. The dealer's approximate profit or loss on this transaction is .

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A municipal bond dealer buys 100M of 30 year non-callable 9% General Obligation bonds at par less 1...
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