Multiple Choice
Last year,Bentley bought a bond for $1,000 that promises to pay $45 a year.This year,a person who buys a bond for $1,000 receives $39 a year.If Bentley were to sell his (old) bond,its price would be approximately
A) $867.
B) $1,154.
C) $1,087.
D) $1,350.
Correct Answer:
Verified
Correct Answer:
Verified
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