Acompany issued a 20-year, $1,000 par value bond that pays semiannual interest of $40. if the semiannual market rate of interest is 5%, at what amount did the bond sell? (fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) (use appropriate factor(s) from the tables provided.) (do not round intermediate calculations. round your final answer to nearest whole dollar amount.)

The federal reserve took an expansionary approach during the crisis. this was done by expanding the money supply and boosting liquidity. this can be seen in the fed's actions of lending to banks, purchasing securities, and lowering the federal funds rate in order to lower overall interest rates. the fed's goal was to increase consumer spending and overall liquidity within the system, and they pursued this by expanding the supply of liquid money.