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B: The demand curve and supply curve for one-year discount bonds with a face value of $1,030 are represented by the following equations; B: Price

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B: The demand curve and supply curve for one-year discount bonds with a face value of $1,030 are represented by the following equations; B: Price = -0.6Quantity +1,120 Price = Quantity + 700 The expected equilibrium quantity of bonds is (Round your response to the nearest whole number.) The expected equilibrium price of bonds is $ - (Round your response to the nearest whole number) The expected interest rate in this market is 1% (Round your response to two decimal places.)

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