Question

Alicia purchased a $1,000 bond with a maturity of 20 years. since she bought it, the rate of interest paid by other, slimier bonds with the maturity of her bond have gone up substantially. how much could Alicia get for her bond if she sells it now, before it matures?
a) less then $1,000
b) no bonds may be sold before maturity
c) more than $1,000
d) $1,000

Answer 1

The answer would be A) less than 1,000 Dollars