You buy a bond that has an annual interest rate of 2 percent and a coupon of $4. What is the price of the bond

Economics Today and Tomorrow, Student Edition
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ISBN:9780078747663
Author:McGraw-Hill
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Chapter6: Saving And Investing
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You buy a bond that has an annual interest rate of 2 percent and a coupon of $4. What is the price of the bond?

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