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Calculate the dollar amount of interest and the approximate market value for a $1000 bond that had an interest rate when issued of 6.45%, and
Calculate the dollar amount of interest and the approximate market value for a $1000 bond that had an interest rate when issued of 6.45%, and the interest rate for comparable bonds today is 5.85%.
Dollar amount of interest: $64.50. Approximate market value: $1,102.56. | ||
Dollar amount of interest: $59.00. Approximate market value: $1,008.55. | ||
Dollar amount of interest: $59.00. Approximate market value: $751.59. | ||
Dollar amount of interest: $64.50. Approximate market value: $821.66. |
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