A $1,000 Face Value Bond Is Currently Quoted at 100

question 42

Multiple Choice

A $1,000 face value bond is currently quoted at 100.8.The bond pays semiannual payments of $22.50 each and matures in six years.What is the coupon rate?

• A)2.72 percent
• B)2.85 percent
• C)4.46 percent
• D)2.25 percent
• E)4.50 percent

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Definitions:

Multi-factor Authentication

A security measure that requires two or more proofs of identity from independent categories to grant access to a system or data.

ID Cards

Cards that serve as a tool for identification, typically including personal details and sometimes biometric data, to authenticate the identity of the holder.

Physical And Access Controls

Security measures that are implemented to safeguard against unauthorized physical entry to facilities, as well as unauthorized access to computer systems and data.

Rummaging

The act of searching unsystematically and untidily through a mass or receptacle to find something.