I purchase a 1-year 5 percent bond for 1000 what is the, Finance Basics

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I purchase a 1-year 5 percent bond for 1000 what is the

Question: I purchase a 1-year 5 percent bond for $1000. What is the change in the interest rate if I find that I would receive $1005 for an immediate resale? What is the change in the interest rate if I find that I would receive only $990 for an immediate resale? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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