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so it looks like that's what you'd get if you had 200
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dollars, but at the end,
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as he's saying, you're only going to get 110
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and not 210.
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So this present value of this thing has to be less than 200.
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So if you double the coupon--if you halve the interest rate,
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the interest rate was originally 10 percent,
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if you cut the interest rate in half to 5 percent it looks like
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your annual coupon is double the interest rate,
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but at the end you don't get principal that's double the
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original principal.
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All you did was double--relative to the interest