Describe why your bond increased in value

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Question: In 1994, you purchased a $1,000 corporate bond issued by Boeing. At the time, the interest rate for the bond was 6 percent. Today, comparable bonds are paying 4.30 percent.

a. What is the approximate dollar price for which you could sell your Boeing bond?

b. In your own words, describe why your bond increased in value.

Reference no: EM131486545

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