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Author Question: Yesterday, a banker paid $0.61 for a bond that pays out $5,000 in one year (with no risk). Today, ... (Read 386 times)

kandiwilson165@gmail.com

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on: Nov 23, 2022
Yesterday, a banker paid $0.61 for a bond that pays out $5,000 in one year (with no risk). Today, the price of the bond increased to $3,850. Since yesterday, the interest rate ________ (increased/decreased) from ________ to ________.
Please round your final answer to two decimal places.
◦ increased, 23.00%, 39.00%
◦ decreased, 63.93%, 29.87%
◦ increased, 29.87%, 63.93%
◦ decreased, 39.00%, 23.00%
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by kandiwilson165@gmail.com on Nov 23, 2022

DevinBrifm

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Reply #1 on: Nov 23, 2022
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kandiwilson165@gmail.com

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Reply 2 on: Nov 23, 2022
Great answer, keep it coming :)

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