If you initially pay $1000 for a bond with an annual interest then the market interest rate rises to 6% the market price of the bond is now A $1,000 B $943.40 C $1,006 D $1,000.05

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
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ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
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Chapter12: Investing In Stocks And Bonds
Section: Chapter Questions
Problem 6FPE
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If you initially pay $1000 for a bond with an annual interest then the market interest rate rises to 6% the market price of the bond is now

A $1,000

B $943.40

C $1,006

D $1,000.05

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