Multiple Choice
If interest rates in the overall economy decrease to 6 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 7 percent? Round to the nearest hundred.
A) $400
B) $1,200
C) $900
D) $1,000
E) $700
Correct Answer:
Verified
Correct Answer:
Verified
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