Les Buys a Bond for $5,000

question 200

Multiple Choice

Les buys a bond for $5,000.Every year that he holds the bond, he will receive interest payments of $250.The interest rate on the bond

• A)is 2 percent.
• B)is 5 percent.
• C)is 20 percent.
• D)cannot be determined.

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Definitions:

Elated

Characterized by a high level of happiness and exhilaration, often for a specific reason.

Triumph

The state of being victorious or successful, often after a struggle or competition.

Mood

A temporary state of mind or feeling that influences an individual's emotional state and perceptions.

Emotion

A complex psychological state involving feelings, physiological changes, and an external expression, often triggered by a thought or experience.