4. (LO 1) Andra has just been given a $5000 one-year bond with a coupon rate of...

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4. (LO 1) Andra has just been given a $5000 one-year bond with a coupon rate of 7 percent per year. However, she needs the money now and is surprised to find that the market value of the bond has increased to $5200. What rate of return (interest) would a prospective buyer earn on this bond?

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Principles Of Macroeconomics

ISBN: 9780226818399

8th Edition

Authors: Sayre, J.E.; Morris, A.J.

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