A decade ago, your parents purchased a 20-year, $1,000 Treasury bond. The interest rate at the time

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A decade ago, your parents purchased a 20-year, $1,000 Treasury bond. The interest rate at the time of purchase was 5%. Today, comparable bonds are paying 7%. Approximately how much could they sell this bond for?

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Personal Finance Building Your Future

ISBN: 978-0073530659

1st edition

Authors: Robert B. Walker, Kristy P. Walker

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Question Posted: Apr 18, 2018 09:46 AM

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A decade ago, your parents purchased a 20-year, $1,000 Treasury bond. The interest rate at the time

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Number of years of maturity 20 years Par Value ...View the full answer

Personal Finance Building Your Future

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