Solve the Problem $3 \%$ When the Price Is $\$ 150$ What Price Is Necessary for a Yield Of Inversely

question 67

Multiple Choice

Solve the problem.
-The yield on a bond varies inversely as the price. The yield on a particular bond is $3 \%$ when the price is $\$ 150$ . What price is necessary for a yield of $4.5 \%$ ? Round to the nearest cent, if necessary.

• A) \(\$ 9.00\)
• B) \(\$ 111.11\)
• C) \(\$ 100.00\)
• D) \$225.00

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Definitions:

Business Cycle

The natural fluctuation of economic activity over time, marked by periods of expansion, peak, contraction, and trough.

Recovery Stage

A phase in the economic cycle or in the lifecycle of a project where performance begins to improve after a period of decline or recession.

Business Spending

The expenditure by businesses on goods and services, including capital goods and labor.

Consumer Spending

The total amount of money spent by consumers on goods and services within an economy.