1.1 Bob bought a bond last year for $10,000 that promises to pay him $900 a year....

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1.1 Bob bought a bond last year for $10,000 that promises to pay him $900 a year. This year, it is possible to buy a bond for $10,000 that promises to pay $1,000 a year. If Bob wants to sell his (old) bond, what is its price likely to be?

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Economics

ISBN: 978-0324538014

8th Edition

Authors: Roger A Arnold

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Question Posted: Nov 04, 2024 03:00 AM

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1.1 Bob bought a bond last year for $10,000 that promises to pay him $900 a year....

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Economics

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