1. Given a $100,000, 20 year, 7% (coupon rate) Treasury bond. On the day of the purchase (at a price of $100,000), market interest rates rise to 8%. The value of that bond would immediately change by (nearest): [Assume twice a year interest payments]
$ 7,500
$ 9,300
$10,400
$12,700
2. Which of the following is NOT true regarding Bretton Woods?
It created the International Monetary Fund (IMF)
It created the World Bank (IBRD)
The agreement lasted (roughly) from about 1945 to 1971
It was based on a commitment to fixed exchange rates
None of the above-all are TRUE of Bretton Woods