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

Question 6

Multiple Choice

Last year,Bentley 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 $125 a year.If Bentley were to sell his (old) bond,its price would be approximately


A) $920.
B) $1,125.
C) $1,087.
D) $1,350.

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