Anil Buys a Bond in the Amount of $2,000 with a Promised

question 46

Multiple Choice

Anil buys a bond in the amount of $2,000 with a promised interest rate of 17 percent.If the market interest rate increases to 27 percent,Anil can sell his bond for up to

• A)$1,259.26.
• B)$540.00.
• C)$7,407.00.
• D)$11,764.71.

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