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The demand curve and supply curve for one-year discount bonds with a face value of $1,000 are represented by the following equations: Bo. Price =

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The demand curve and supply curve for one-year discount bonds with a face value of $1,000 are represented by the following equations: Bo. Price = - 0.8Quantity + 1,120= Price = Quantity + 720 The expected equilibrium quantity of bonds is .(Round your response to the nearest whole number.) The expected equilibrium price of bonds is $ . (Round your response to the nearest whole number.) The expected interest rate in this market is %. (Round your response to two decimal places.)

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