Question: If interest rates in the overall economy decrease to 4 percent, which one of the following is most likely to be the approximate market value

If interest rates in the overall economy decrease to 4 percent, which one of the following is most likely to be the approximate market value of a $1.000 corporate bond with a fixed interest rate of 6 percent?
$1.000
44 mm
$6.000
$1.500
63 mm
If interest rates in the overall economy decrease

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