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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Definitions:

Clayton Act

A U.S. antitrust law enacted to prevent anti-competitive practices and promote fair competition.

Geographic Market

The defined area within which a company competes for customers, including factors of geography, demography, and economy.

Antitrust Law

Legislation aimed at preventing monopolies and promoting competition to protect consumers from unfair business practices.

Monopoly Power

is the ability of a single company or entity to control a significant portion of the market for a particular product or service, limiting competition.