Suppose a bond with no expiration date has a face value of $10,000 and annually pays a fixed amount of interest of $800. Compute and
Suppose a bond with no expiration date has a face value of $10,000 and annually pays a fixed amount of interest of $800. Compute and enter in the spaces provided in the table below either the interest rate that the bond would yield to a bond buyer at each of the bond prices listed or the bond price at each of the interest yields shown. Instructions: For bond prices, round to the nearest dollar. For interest rate, round your answer up to two decimal places. Bond Price Interest rate (s) % $ 8,500 $ 8.42 $10, 500 $11, 500 $ 5.93 What generalization can be drawn from the completed table? (Click to select) v
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