Business, 06.03.2020 01:01 graceaowen

If you purchase for $1,000 a bond that pays $40 annually to the holder, and then "the" (that is, the market) interest rate rises to 8 percent, the price of that bond would now be:

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If you purchase for $1,000 a bond that pays $40 annually to the holder, and then "the" (that is, the...