In 1994, you purchased a $1,000 corporate bond issued by Boeing. At the time, the interest rate

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In 1994, you purchased a $1,000 corporate bond issued by Boeing. At the time, the interest rate for the bond was 6 percent. Today, comparable bonds are paying 4.30 percent.

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

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

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Focus On Personal Finance

ISBN: 9780077861742

5th Edition

Authors: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart

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Question Posted: Nov 22, 2018 08:42 AM

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In 1994, you purchased a $1,000 corporate bond issued by Boeing. At the time, the interest rate

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a The approximate dollar value is 139535 6 006 Face value Interes...View the full answer

Focus On Personal Finance

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