A few years ago, you bought a bond with no expiration and a fixed annual interest payment of $1000 at a price of $10,000. If the interest rate in the economy is now 12.5% a year and you want to sell the bond, the maximum price that you can get for it is:

Which of the following is NOT a disadvantage of exchange-rate targeting?

A) It relies on a stable money-inflation relationship. B) The targeting country gives up an independent monetary policy. C) The targeting country is left open for a speculative attack. D) It can weaken the accountability of policymakers.

Compared to the quantity produced under perfect completion, what does the monopolist produce?

a. The same amount as the perfect competition quantity b. More than the perfect competition quantity c. Less than the perfect competition quantity d. Either more or less than the perfect competition quantity