What is the current rate of jims bonds in light of increase

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Reference no: EM131458561

Jim buys $10,000 of treasury bonds and that was at a parr value of 10,000. these bonds have 30 year maturity period and they pay 1.5% interest every three months ( The APR is 6% and Jim gets a check every 3 months for $150 ) but interest rates for similar securitities have risen to 7% APR what is the current rate of Jims bonds in light of the increase?

Reference no: EM131458561

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