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If Interest Rates in the Overall Economy Increase to 8

Question 36

Multiple Choice

If interest rates in the overall economy increase to 8 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 4 percent?


A) $0
B) $400
C) $500
D) $1,000
E) $1,700

Correct Answer:

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