Question
Elena owns a Canada Savings Bond with a price of $5,000, which pays $200 per year. The price of the bond rises in the bond
Elena owns a Canada Savings Bond with a price of $5,000, which pays $200 per year. The price of the bond rises in the bond market to $7,500. What is the new interest rate on the bond?
Select one:
a.4 percent
b.66.67 percent
c.200 percent
d.2.67 percent
e.10 percent
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The American Economy
Authors: Walter Greason, William Gorman
1st Edition
1524902675, 9781524902674
