Last year, Bentley bought a bond for $1,000 that promises to pay $115 a year. This year, a person who buys a bond for $1,000 receives $125 a year. If Bentley were to sell his (old) bond, its price would be approximately
A) $920.
B) $1,125.
C) $1,087.
D) $1,350.
A
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Real per capita GDP in the United States in 2015 was approximately
A. $16,349. B. $47,845. C. $50,820. D. $16.3 trillion.
Discuss the benefits of unions
What will be an ideal response?
In a market characterized by many sellers, assume that transaction costs for both buyers and sellers are both costlessly cut to zero. What will happen to total economic value?
a. Economic value will remain unchanged because the decrease in consumer surplus will offset the increase in producer surplus. b. Economic value will remain unchanged because the decrease in producer surplus will offset the increase in consumer surplus. c. Economic value will certainly increase but its magnitude will depend on the initial transaction costs of the market participants. d. Economic value will certainly decrease but its magnitude will depend on the initial transaction costs of the market participants.
The old industrial unions are being supplanted by
A. Private sector unions. B. Unions of service workers. C. Union shops. D. Craft unions.