25% Discount
ECON 562 - If a person buys government bond for $400
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$
4.00
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Updated on: 07/31/2018 12:51 PM Due on: 07/31/2018
If a person buys government bond for $400. Then receives principal and interest totaling $436 one year later. During the year the CPI went from 150 to 162, but he had thought the CPI would be at 159 by the end of the year. What is the real interest rate he expected? What is the interest rate he received?
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dr.tony
Solution: ECON 562 - If a person buys government bond for $400
$4.00( 25% Discount )