If a Bond Has a Promised Value Next Year of $440

question 169

Multiple Choice

If a bond has a promised value next year of $440 and the interest rate is 10 percent, then the price of a bond today is:

• A) $484.
• B) $400.
• C) $44.
• D) $444.4.

---

Definitions:

Differential Association Theory

Holds that people learn to value deviant or nondeviant lifestyles depending on whether their social environment leads them to associate more with deviants or nondeviants.

Deviant Lifestyle

A way of living that deviates from the societal norms and is often viewed negatively by the mainstream society.

Cultural-Transmission Theory

A concept in sociology that suggests culture and societal norms are learned and passed down from one generation to the next through socialization.

Appeal to Higher Loyalties

Appeal to higher loyalties is a term used in sociology to describe a situation where an individual justifies breaking societal norms or laws by claiming allegiance to a more significant cause or authority.