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*please show formulas used* I purchase a 1-year 4 percent bond for $1000. If I decide...

*please show formulas used* I purchase a 1-year 4 percent bond for $1000. If I decide on an immediate resale, how much will I get for the bond if - the interest rate has dropped to 2.5 percent? - the interest rate has risen to 5 percent? - the interest rate has risen to 8 percent

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