Business, 07.03.2020 05:46 rleiphart1

A month ago, you bought a one-year bond with a value of $100 that pays a fixed interest rate of 5 percent per year. The interest rate of the economy was also 5 percent. Today you read in the newspaper that the interest rate in the economy increased to 6 percent. You are holding a bond that is:

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A month ago, you bought a one-year bond with a value of $100 that pays a fixed interest rate of 5 pe...