Multiple Choice
If interest rates in the overall economy decrease to 4 percent,which one of the following is most likely to be the approximate market value of a $1,000 corporate bond with a fixed interest rate of 6 percent?
A) $1,000
B) $1,500
C) $2,000
D) $4,000
E) $6,000
Correct Answer:
Verified
Correct Answer:
Verified
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