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Go back to the bond example of section show that the

Question: Go back to the bond example of section?? Show that the annualized IRR of the bond is ???. Now note that this rate is not the discount rate for the cash flows of the individual bonds (the ½ year and 1-year T-bills)! So are markets inefficient?

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Finance Basics: Go back to the bond example of section show that the

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Finance Basics: Go back to the bond example of section show that the

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