Question: Your plan is to have $ 4 5 , 0 0 0 in your account, 1 1 years from today. You can invest in an
Your plan is to have $ in your account, years from today. You can invest in an account that pays percent, compounded semiannually. How much do you have to invest today to attain your target in years?
a $
b $
c $
d $
e None of the above
Unexpectedly, the US Treasury announces to buy $ billion of new bonds. What effect would that have on the bond market?
a Prices would increase.
b Prices would not change.
c Prices would decline.
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