2 years ago

A bond yields $100 yearly at 4 percent interest. What is its market value? (a) $1,000(b) $1,500 (c) $2,000 (d) $2,500.

English

1 answer:

seropon [69]2 years ago

3 0

Answer:

I got $1,500

Explanation:

100 = 0.04x

100 / 0.04 = x

2,500 = x

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