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

Question 169

Multiple Choice

Last year,Danielle bought a bond for $1,000 that promises to pay $115 a year.This year,a person who buys a bond for $1,000 receives $120 a year.If Danielle were to sell her (old) bond,its price would be approximately


A) $958.
B) $1,043.
C) $1,211.
D) $1,115.

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