Two years ago, Jane bought a 5-year corporate bond with a par value of $1,000 at the interest rate of 6%. If interest rates are currently set at 7% and she wanted to sell her bond, how much could she sell it for? 

Why did the price of the bond increase or decrease in value?

Answer rating: 100% (QA)

To calculate how much Jane could sell her bond for we need to determine the bonds current market val... View the full answer