Determining the Approximate Market Value for a Bond. Approximate the market value for the following $1,000 bonds.

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Determining the Approximate Market Value for a Bond. Approximate the market value for the following $1,000 bonds.

Interest Rate When Issued Dollar Amount of Interest for the Existing Bond Interest Rate for Comparable Bonds Issued Today Approximate Market Value 5% 4%

5.1% 6.2%

7% 6%

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Personal Finance

ISBN: 9781260799736

13th Edition

Authors: Jack Kapoor

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