Question: If interest rates in the overall economy decrease to 6 percent, which one of the following is most likely to be the approximate market value

If interest rates in the overall economy decrease to 6 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 7 percent? Round to the nearest hundred Multiple Chuice 18 $400 $1,200 $900 $1,000 $700

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