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NYC NYC
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8 years ago
Juan bought a 5% bond a year ago for $24,000. The interest rate has increased to 10%. Juan wants to sell the bond. To be able to sell the bond Juan must charge a price of no more than:
A) $12,000.
B) $21,600.
C) $16,240.
D) $8,250.
Textbook 
Principles of Macroeconomics

Principles of Macroeconomics


Edition: 11th
Authors:
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JesslynJesslyn
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8 years ago
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NYC Author
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#2
8 years ago
Thanks for answering Slight Smile
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