If the Dollar Price of a Bond Is $7,500 and the Face

question 106

Multiple Choice

If the dollar price of a bond is $7,500 and the face value of the bond is $8,000,the interest rate is equal to

• A) 7 percent.
• B) 6.67 percent.
• C) 6.25 percent.
• D) 14 percent.
• E) 5 percent.

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Definitions:

Trapezius

A large triangular muscle in the upper back that extends to the neck and shoulders, playing key roles in moving, rotating, and stabilizing the shoulder blade and upper spine.

Biceps Brachii

A muscle in the upper arm responsible for flexion at the elbow and supination of the forearm.

Sternocleidomastoid

A muscle in the side of the neck that runs from the sternum and clavicle to the mastoid process of the temporal bone.

Trapezius

a large triangular muscle that extends over the back of the neck and shoulders, involved in moving the shoulders and head.