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Business, 18.11.2019 19:31 saharB

Assume that you bought a bond issued by ford motor company that pays 8% interest ($80 per year). you purchased the bond in 2008 when the u. s. auto industry was struggling. today, u. s. car companies are able to to issue and sell bonds offering only 6% interest. what is the approximate market value of your gm bond? a. $750b. $833c. $1000d. $1,133e. $1,233

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