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Munze Munze
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7 years ago
Suppose a one-year discount bond offers to pay $1000 in one year and currently has a 15% interest rate. Given this information, we know that the bond's price must be
A) $869.56.
B) $1150.
C) $850.
D) $950.
E) none of the above
Textbook 
Macroeconomics

Macroeconomics


Edition: 6th
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Macroeconomics, 6/E (Blanchard, Johnson)
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vonCOLLINZOvonCOLLINZO
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7 years ago
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Munze Author
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#2
6 years ago
Excellent answer!
Macroeconomics, 6/E (Blanchard, Johnson)
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