cleve5076 cleve5076
  • 09-04-2018
  • Business
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When the interest rate in the economy was 10%, the price of a bond with no expiration date that pays a fixed annual interest of $500 was $5,000. if the interest rate in the economy falls to 6%, the price of this bond will be about?

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Аноним Аноним
  • 09-04-2018
The answer to this question is $8,333.

Hope this helps!!
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