In 1994, you purchased a $1,000 corporate bond issued by Boeing. At the time, the interest rate

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In 1994, you purchased a $1,000 corporate bond issued by Boeing. At the time, the interest rate for the bond was 6 percent. Today, comparable bonds are paying 4.30 percent.

a. What is the approximate dollar price for which you could sell your Boeing bond?

b. In your own words, describe why your bond increased in value.

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ISBN: 9780077861742

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Authors: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart

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Question Posted: Nov 22, 2018 08:42 AM

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In 1994, you purchased a $1,000 corporate bond issued by Boeing. At the time, the interest rate

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a The approximate dollar value is 139535 6 006 Face value Interes...View the full answer

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