If the Discount Rate on a Bond Is 8 Percent

question 3

Multiple Choice

If the discount rate on a bond is 8 percent and the expected payment in year 1 is $952.50, calculate the price of the bond.

• A)$1,050
• B)$985
• C)$907.14
• D)$881.94

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Definitions:

Healthy People 2020

A set of goals and objectives aimed at improving the health and well-being of the American population over a decade.

Health Disparities

Differences in health outcomes and their determinants between different segments of the population, often influenced by social, economic, and environmental disadvantages.

Diversity

The inclusion of individuals representing more than one national origin, color, religion, socioeconomic stratum, sexual orientation, etc., within a community or organization.

Chronic Diseases

Long-lasting diseases that can be controlled but not cured.