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09-01-2024
Business

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What is the only way investors can earn an interest rate that is more than 5% on a 1-year bond that pays $1000 in one year?
A. Pay a price higher than $952.38 for the bond
B. Pay a price lower than $952.38 for the the bond
C. Demand that the bond issue pay more than $1000 when the bond matures

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