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Course: Personal Finance Management 1. If a bond is quoted in the newspaper at 108, what is its price? A. $1,080 B. $1,800 C. $108

Course: Personal Finance Management

1. If a bond is quoted in the newspaper at 108, what is its price?

A. $1,080 B. $1,800 C. $108 D. $10.80

2. When interest rates rise, bond prices will

A. rise. B. remain steady. C. vary unpredictably. D. fall.

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