Question 23.23. Given a $100,000, 20 year, 7% (coupon rate) Treasury bond. On the day of the purchase (at a price of $100,000), market interest rates rise to 8%. The value of that bond would immediately change by (nearest): [Assume twice a year interest payments] (Points : 3)

$ 7,500 $ 9,300 $10,400 $12,700

Question 24.24. Which of the following is NOT true regarding Bretton Woods? (Points : 3)

It created the International Monetary Fund (IMF) It created the World Bank (IBRD) The agreement lasted (roughly) from about 1945 to 1971 It was based on a commitment to fixed exchange rates None of the above-all are TRUE of Bretton Woods