The demand curve and supply curve for one-year discount bonds with a face value of $1.050 are represented t 8 Price -0.8Quantity 1.160 Price Quantity 720 8 The expected equilibrium quantity of bonds is 271 (Round your response to the nearest whole number)

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter31: Capital Markets
Section: Chapter Questions
Problem 9E
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The demand curve and supply curve for one-year discount bonds with a face value of $1,050 are represented by the following equations
8
Price = -0.8Quantity +1,160
Price = Quantity + 720
B
The expected equilibrium quantity of bonds is 271 (Round your response to the nearest whole number)
(Round your response to the nearest whole number)
The expected equilibrium price of bonds is $
The expected interest rate in this market is
% (Round your response to two decimal places)
Transcribed Image Text:The demand curve and supply curve for one-year discount bonds with a face value of $1,050 are represented by the following equations 8 Price = -0.8Quantity +1,160 Price = Quantity + 720 B The expected equilibrium quantity of bonds is 271 (Round your response to the nearest whole number) (Round your response to the nearest whole number) The expected equilibrium price of bonds is $ The expected interest rate in this market is % (Round your response to two decimal places)
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