If You Own a $1,000 Face Value Bond with One

question 67

Multiple Choice

If you own a $1,000 face value bond with one year remaining to maturity and a 3 percent coupon rate and new bonds are paying 14 percent, what is the most you can get for your old bond today?

• A)$903.51
• B)$997.19
• C)$1,000
• D)$1,140

---

Definitions:

Theodore Roosevelt

The 26th President of the United States, who served from 1901 to 1909, known for his progressive policies, conservation efforts, and leadership of the Rough Riders during the Spanish-American War.

Resource Management

The efficient and effective deployment and allocation of an organization's resources when and where they are needed.

Public Domain

Creative works, knowledge, or information that is not protected by copyright and is freely available for public use.

Middle-Class Progressives

Individuals from the middle economic tier of society who advocate for social reforms and progressive policies to address issues like poverty, education, and healthcare.