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

Question 59

Multiple Choice

Last year,Danielle bought a bond for $10,000 that promises to pay $1,150 a year.This year,a person who buys a bond for $10,000 receives $1,210 a year.If Danielle were to sell her (old) bond,its price would be approximately


A) $9,504.
B) $10,522.
C) $11,211.
D) $9,115.

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