A Person Buys a Bond with a Face Value of $10,000

question 100

Multiple Choice

A person buys a bond with a face value of $10,000 for $9,325.Each year until the maturity date the bond buyer receives $850 from the issuer of the bond.The coupon rate on the bond is

• A) 9.11 percent.
• B) 8.5 percent.
• C) 10.0 percent.
• D) 6.75 percent.
• E) There is not enough information to answer the question.

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Definitions:

Vertical Axis

In a graph or chart, the y-axis, which typically measures the variable that is dependent on another variable measured along the horizontal axis.

Utility Function

A mathematical representation of how a consumer ranks different bundles of goods based on their level of satisfaction.

Corn Chips

Snack foods made from cornmeal and fried or baked in oil.

Corn Chips

Snack food made from cornmeal fried or baked in oil, often seasoned, known for their crunchiness and popular as a party snack.