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blobcat blobcat
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5 years ago
Suppose a bond promises to pay its holder $100 a year forever. The interest rate on the bond rises from 4 percent to 5 percent. The price of the bond
A) falls from $2,500 to $2,000.
B) does not change because it is not affected by the interest rate.
C) falls from $25,000 to $20,000.
D) rises from $2,000 to $2,500.
Textbook 
Macroeconomics

Macroeconomics


Edition: 12th
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Laurenrees98Laurenrees98
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5 years ago
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blobcat Author
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5 years ago
Thanks for your help!!
annakc
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Yesterday
Thank you, thank you, thank you!
klyn
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2 hours ago
This helped my grade so much Perfect
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