Use the Following Information to Answer the Question(s)below

question 19

Multiple Choice

Use the following information to answer the question(s) below.
-The price today of a three-year default-free security with a face value of $1000 and an annual coupon rate of 4% is closest to:

• A)$1002.78.
• B)$1003.31.
• C)$1028.50.
• D)$1028.61.

---

Definitions:

Uniform Delivered Pricing

A pricing strategy where a company charges the same price to deliver a product anywhere in a specific geographical area.

Pricing Methods

Strategies and approaches used by companies to set the sales price of their products or services.

Seasonal Discounts

Price reductions offered during certain times of the year to stimulate sales during off-peak seasons.

Channel Members

Entities involved in the process of moving products or services from the manufacturer to the end consumer, such as wholesalers, retailers, or distributors.