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I purchase a 1-year 5 percent bond for $1000. If I decide on an immediate resale, how much will I get for the bond if
I purchase a 1-year 5 percent bond for $1000. If I decide on an immediate resale, how much will I get for the bond if
- the interest rate has dropped to 4 percent?
- the interest rate has risen to 6 percent?
- the interest rate has risen to 8 percent?
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