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Suppose a bond with no expiration date has a face value of $11,000 and annually pays a fixed amount of interest of $650. Compute and

Suppose a bond with no expiration date has a face value of $11,000 and annually pays a fixed amount of interest of $650. 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 PriceInterest rate(s) %
$ 9,000
$8.33
$11,000
$11,000
$3.77


What generalization can be drawn from the completed table?

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