Business, 21.12.2020 17:50 nails4life324

Last year, Eric bought a bond for $10,000 that promises to pay him $700 per year. This year, he can buy a bond for $10,000 that promises to pay $800 per year. If Eric wants to sell his old bond, what is its price likely to be?

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Last year, Eric bought a bond for $10,000 that promises to pay him $700 per year. This year, he can...

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