The Price of a Bond Having No Expiration Date Is

question 123

Multiple Choice

The price of a bond having no expiration date is originally $8,000 and has a fixed annual interest payment of $800.A fall in the price of the bond by $3,000 will provide a new buyer of the bond an interest rate of:

• A) 10 percent.
• B) 12 percent.
• C) 14 percent.
• D) 16 percent.

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Definitions:

External-Stable

An attributional pattern where success or failure is attributed to enduring factors outside an individual's control.

Cognitive Inconsistency

The state of having contradictory thoughts, beliefs, or attitudes, especially relating to behavioral decisions and attitude change.

Temporary Drug Treatment

The use of pharmaceuticals for a limited period to treat a condition or manage symptoms.

Dysfunction

A deviation from the norms or an impairment that leads to adverse effects on individual or group functioning.