Multiple Choice
A bond that pays a yearly interest rate of $100 is for sale. The interest rate was 10 percent and now is 5 percent. The price of the bond has
A) decreased from $1000 to $500.
B) increased from $1000 to $2000.
C) increased from $500 to $2000.
D) decreased from $2000 to $1000.
Correct Answer:
Verified
Correct Answer:
Verified
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