Last year,Danielle bought a bond for $10,000 that promises to pay $350 a year.This year,a person who buys a bond for $10,000 receives $325 a year.If Danielle were to sell her (old)bond,its price would be approximately

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Danielle's bond pays $350 a year, while new bonds pay $325 a year for the same $10,000 investment. This means Danielle's bond is more attractive because it offers a higher return. To find the price of Danielle's bond, we can compare the returns: $325 is to $10,000 as $350 is to X. Solving for X gives us a price of approximately $10,769, making the bond more valuable than its original purchase price due to its higher yield.

Last Year,Danielle Bought a Bond for $10,000 That Promises to Pay