If Comparable Bonds Are Paying 6 Percent and the Approximate

question 68

Multiple Choice

If comparable bonds are paying 6 percent and the approximate market price of a $1,000 bond is $850,then what is the annual interest on the bond?

• A)$25
• B)$51
• C)$60
• D)$85
• E)$120

---

Definitions:

American Economy

The economic system of the United States, characterized by mixed economy principles, including private enterprise alongside government regulation.

Advertising

The practice of promoting products, services, or ideas through various forms of media in order to attract and engage customers or supporters.

Litigation

The process of taking legal action or resolving disputes in court.

Specialty Crops

Agricultural crops that are not staple commodities, often including fruits, vegetables, nuts, and ornamental plants.