Last month Jim purchased $9,400 of U. S. Treasury bonds (their face value was $9,400). These bonds have a 26-year maturity period, and they pay 1.0% interest every three months (i. e., the APR is 44%, and Jim receives a check for $94 every three months). But interest rates for similar securities have since risen to a 99% APR because of interest rate increases by the Federal Reserve Board. In view of the interest-rate increase to 99%, what is the current value of Jim's bonds?

Choose the best term for each definitionexpense, liability, monetary asset, statement of financial position, tangible asset, net worth, market value, investment asset, income, assetitems of monetary value a person or household ownsmoney spentmoney receivedfinancial assets purchased with the hope that they will generate income and appreciate in value to make it possible to sell at a higher price in the futurea debt or obligation owed to othersthe amount you could realistically sell an asset forassets that can be quickly and easily converted into casha measure of financial wealth and indicates the monetary value of all possessions that a person or household owns, minus the total amounts owed to othersa financial statement that describes an individual or family's financial condition on a specified date by showing assets, liabilities, and net worthpersonal property that was purchased to create a lifestyle or improve your life

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