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    Exam 10: Financial Markets and the Economy
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    A $1,000 Bond, Which Matures in One Year, Has a Price
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A $1,000 Bond, Which Matures in One Year, Has a Price

Question 45

Question 45

Multiple Choice

A $1,000 bond, which matures in one year, has a price of $925. The interest rate on this bond is


A) 7.5%.
B) 8.11%.
C) 9.25%.
D) 9.20%.

Correct Answer:

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