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Question(s) / Instruction(s):

A consol (a type of rare bond, originally issued by Great Britain, with no maturity date) is selling at $1,200 with an interest rate of 5%. How much would this bond sell for if the interest rate were 8% instead?

A.            $ 200                                     

B.            $ 750                                     

C.            $1,000                                  

D.            $1,650                                  

E.            $1,920  

 

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