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  • An $8,000 coupon bond with a $400 annual coupon payment has a coupon rate of #281
  • The bond markets are important because #282
  • The concept of ________ is based on the notion that a dollar paid to you in the future is less valuable to you than a dollar today. #283
  • Dollars received in the future are worth ________ than dollars received today. The process of calculating what dollars received in the future are worth today is called ________. #284
  • The process of calculating what dollars received in the future are worth today is called #285
  • With an interest rate of 5 percent, the present value of $100 received one year from now is approximately #286
  • With an interest rate of 10 percent, the present value of a security that pays $1,100 next year and $1,460 four years from now is approximately #287
  • With an interest rate of 8 percent, the present value of $100 received one year from now is approximately #288
  • As the price of a bond ________ and the expected return ________, bonds become more attractive to investors and the quantity demanded rises. #289
  • ________ is the total resources owned by an individual, including all assets. #290
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