In 2008, when the U.S. automobile industry was struggling, the price of Ford Motor Company bonds rose.
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In 2008, when the U.S. automobile industry was struggling, the price of Ford Motor Company bonds rose. Give all answers to two decimals. a. If a one-year Ford bond originally had a face value of $10,000 and a price of $9,500, what was the interest rate? 5.26 % b. What is the new interest rate on the same bond if the price rises to $9,900?
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