5. How much is the interest rate on a bond that has a face value of $1,000, a selling price of $800, and that pays $80 interest?

Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter20: Monetary Policy
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5. How much is the interest rate on a bond that
has a face value of $1,000, a selling price of $800,
and that pays $80 interest?
Transcribed Image Text:5. How much is the interest rate on a bond that has a face value of $1,000, a selling price of $800, and that pays $80 interest?
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