Suppose a Google

question 49

Multiple Choice

Suppose a Google.com bond will pay $4,500 ten years from now.If the going interest rate on safe 10-year bonds is 4.25%, how much is the bond worth today?

• A) $2,819.52
• B) $2,967.92
• C) $3,116.31
• D) $3,272.13
• E) $3,435.74

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Definitions:

Democratic Party

One of the two major contemporary political parties in the United States, traditionally associated with progressive and liberal policies.

Fifteenth Amendment

An amendment to the United States Constitution, ratified in 1870, that prohibits the federal government and each state from denying a citizen the right to vote based on that citizen's "race, color, or previous condition of servitude."

Democratic State Primaries

A process by which the Democratic Party in the United States selects its candidates for various elected positions in government.

Smith V. Allwright

A landmark 1944 US Supreme Court decision that ended the practice of "white primaries" by declaring it unconstitutional, thus allowing African Americans to vote in primary elections.