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in 2013, Molly bought a 10 year Treasury note for $1,000. The market interest rate was 2.3 precent. In 2015, Molly wanted to sell the
in 2013, Molly bought a 10 year Treasury note for $1,000. The market interest rate was 2.3 precent. In 2015, Molly wanted to sell the note to pay for college expenses. Interest rates had fallen to 2.1 precent. How would the change in interest rates affect the price that Molly was likely to receieve for her
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Financial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
7th Edition
978-0470477151, 978-0-470-5562, 470556242, 0-470-55624-2, 9780470556245, 978-0470507018
