A $100,000 5-Year 6% Bonds Bond Is Issued on January

question 69

Multiple Choice

A $100,000 5-year 6% bonds bond is issued on January 1,2012.The bond pays interest annually.The market rate is 8%.What is the selling price of the bonds,rounded to nearest dollar?

• A)$7,986
• B)$92,014
• C)$100,000
• D)$108,425

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Definitions:

Imposes a Tariff

The action by a government to establish a tax on imported or, occasionally, exported goods.

Korean Imports

Goods and services bought by residents of a country from Korea, which could include electronics, vehicles, and other products.

U.S. Market

The economic environment for buying and selling goods and services within the United States, encompassing all activities of production, promotion, and distribution.

Import Quota

A government-imposed limit on the quantity of a particular commodity that can be imported into a country over a specified period of time, used to protect domestic industries.