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Macroeconomics 10th Edition by Roger Arnold
Edition 10ISBN: 978-1111823016Macroeconomics 10th Edition by Roger Arnold
Edition 10ISBN: 978-1111823016 Exercise 21
Manuel bought a bond last year for $10,000 that promises to pay him $900 a year. This year, he can buy a bond for $10,000 chat promises to pay $1,000 a year. If Manuel wants to sell his old bond, what is its price likely to be?
Explanation
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Here, know that the market interest rate...
Macroeconomics 10th Edition by Roger Arnold
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