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Last Year,Danielle Bought a Bond for $10,000 That Promises to Pay

Question 88

Multiple Choice

Last year,Danielle bought a bond for $10,000 that promises to pay $350 a year.This year,a person who buys a bond for $10,000 receives $325 a year.If Danielle were to sell her (old) bond,its price would be approximately


A) $9,286.
B) $10,769.
C) $11,456.
D) $9,119.

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