Question

Last year, leah bought a bond for $1,000 that promises to pay $110 a year. this year, a person who buys a bond for $1,000 receives $130 a year. if leah were to sell her (old) bond, its price would be approximately

Answer 1

€10 is handled evsosbshsisbsbsusnsjsjshshz

Answer 2

$1130

Step-by-step explanation:

Leah bought her bond last year at = $1000

Annual interest on bond = $110

At the time of maturity Leah's Total bond value will be worth = $1110

which is interest on bonds + original worth of bond

$110 + $1000 = $1110

but as at the time of maturity her bond value ( interest on her bond equivalent ) became $130

that means her total bond value this year would be

Original worth of bond + current interest on bond

$1000 + $130 = $1130

Leah would approximately sell her bond at $1130