A Bond Is Quoted as Lging 8 ¹/₂ with a Close

question 79

Multiple Choice

A bond is quoted as Lging 8 ¹/₂ with a close of 106.Which of the following statements are true about this bond?

• A) Lging pays $85 annually ($170 annually) in interest.
• B) The market price of Lging is currently $1,060.
• C) The current yield is less than 8 ¹/₂ %.
• D) The bond is selling at a premium
• E) All of the above

Recognize the importance of environmental factors and community infrastructure in disease prevention.

Understand the historical development of public health initiatives and their impact on community health.

Analyze the role of government and non-governmental organizations in the advancement of public health.

Identify key figures and their contributions to public health and nursing.

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Definitions:

Cash Balance

The amount of cash on hand or in a bank account that is immediately available for use.

Deposit

A deposit is a sum of money placed in an account or given to a party as security for the fulfillment of a contract, often refundable after certain conditions are met.

Check Stub

A check stub is the part of a check that is kept as a record by the issuer, detailing the amount, date, and payee of the check.

Cash Balance

The amount of currency that a company or individual has on hand, including deposits in bank accounts that are available for immediate use.