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Business, 18.10.2019 03:30 abhibhambhani

Last month jim purchased $10,000 of u. s. treasury bonds (their face value was $10,000). these bonds have a 30-year maturity period, and they pay 1.5%interest every threemonths (i. e., theapris 6%, and jim receives a check for $150 every three months). but interest rates for similar securities have since risen to a 7% apr because of interest rate increases by the federal reserve board. in view of the interest-rate increase to 7%, what is the current value of jim’s bonds?

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Last month jim purchased $10,000 of u. s. treasury bonds (their face value was $10,000). these bonds...
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