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Last Year,Leah Bought a Bond for $1,000 That Promises to Pay

Question 165

Multiple Choice

Last year,Leah bought a bond for $1,000 that promises to pay $110 a year.This year,a person who buys a bond for $1,000 receives $90 a year.If Leah were to sell her (old) bond,its price would be approximately


A) $818.
B) $846.
C) $890.
D) $1,222.
E) $1,273.

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