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Business, 20.04.2021 16:00 PLSsHELPMEH
Last month Jim purchased $ of U. S. Treasury bonds (their face value was $). These bonds have a -year maturity period, and they pay % interest every three months (i. e., the APR is %, and Jim receives a check for $ every three months). But interest rates for similar securities have since risen to a % APR because of interest rate increases by the Federal Reserve Board. In view of the interest-rate increase to %, what is the current value of Jim's bonds? The current value of Jim's bonds is nothing. (Round to the nearest dollar.)
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Last month Jim purchased $ of U. S. Treasury bonds (their face value was $). These bonds have a...
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