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If the Dollar Price of a Bond Is $7,500 and the Face

Question 106

Multiple Choice

If the dollar price of a bond is $7,500 and the face value of the bond is $8,000,the interest rate is equal to

A) 7 percent.
B) 6.67 percent.
C) 6.25 percent.
D) 14 percent.
E) 5 percent.

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