The Price of a Bond Having No Expiration Date Is

question 123

Multiple Choice

The price of a bond having no expiration date is originally $8,000 and has a fixed annual interest payment of $800.A fall in the price of the bond by $3,000 will provide a new buyer of the bond an interest rate of:

• A) 10 percent.
• B) 12 percent.
• C) 14 percent.
• D) 16 percent.

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