Brand-loyal consumers purchase only one particular brand and do not respond to consumer promotions unless it is for their particular brands

In transactional contracts, individuals focus primarily on extrinsic outcomes such as pay

Indicate whether the statement is true or false

Consider a bond that pays $1000 in one year. Suppose that the market interest rate for savings is 8%, but the interest rate for borrowing is 10%. The price range that this bond must trade in a normal market if no arbitrage opportunities exist is closest to:

A) $909 to $917 B) $909 to $926 C) $917 to $926 D) $909 to $1000