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Author Question: If you buy for 100 a bond that pays 4.57 percent in annual interest and the current interest yield ... (Read 147 times)

tth

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on: Jun 30, 2018
If you buy for 100 a bond that pays 4.57 percent in annual interest and the current interest yield on the bond rises to 5.13 percent, then the price of the bond has fallen.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

A price floor is binding when it is set
 a. above the equilibrium price, causing a shortage.
  b. above the equilibrium price, causing a surplus.
  c. below the equilibrium price, causing a shortage.
  d. below the equilibrium price, causing a surplus.


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14vl19

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Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

b


tth

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  • Posts: 579
Reply 2 on: Jun 30, 2018
Wow, this really help

Joy Chen

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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