Question: Consider the market for a bond which has a face value of ( $ 5,000 ) nayn a coupon of 5300 , and matures in

Consider the market for a bond which has a face value of \$ \\$ 5,000 \$ nayn a coupon of 5300 , and matures in 10 yoars. Suppose the dernand for such bonds is given by \$ P=8,250-\\frac{1}{2} Q \$. and that the aupply of such bonda is geven by \$ P=\\frac{1}{2} Q \$. What is the equabrium prich and quantity of bonds sold? \$ p^{*}=5876, Q^{2} a 375 \$ \$ p^{*}+14,125 \$, Qres, 125 \$ P^{2}=44,125 ; Q^{+}=4,250 \$

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