Multiple Choice
Your company is getting to ready to market their $ 1,000 bonds which have an interest rate of 4.5% and a five-year term. Current markets estimate interest rates at 5%. What will your bonds likely sell for?
A) $ 1,000
B) > $ 1,000
C) < $ 1,000
D) You will be unable to sell them at this rate.
Correct Answer:
Verified
Correct Answer:
Verified
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