9. Five years ago, you purchased a $1,000 par value corporate bond with a coupon interest rate...

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9. Five years ago, you purchased a $1,000 par value corporate bond with a coupon interest rate of 3.5 percent. Today comparable bonds are paying 4 percent. (LO11.5)

a. What is the approximate dollar price for which you could sell your bond?

b. In your own words, describe why your bond decreased in value.

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Focus On Personal Finance

ISBN: 9781259919657

6th Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart

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Question Posted: Jul 24, 2024 07:02 AM

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9. Five years ago, you purchased a $1,000 par value corporate bond with a coupon interest rate...

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Focus On Personal Finance

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