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That means that a ten-year Treasury paying 4.5% is no bargain.
A Treasury paying 4.5% and due in ten years has a duration of eight years, which means that if interest rates lurch upward by a percentage point, the bond's value will fall (roughly) by 7.9%.
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How is BP paying for it?
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Try paying a minimum.
Crane paid.
NATO paid no attention.
Apple pays for the audits.
The Arts Council of Wales paid Frantic Assembly's way, barely.
More than that and the Fed pays.
Apple paid all its legally owed taxes.
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