Exxon Sells Its Bonds at 108

question 43

Multiple Choice

Exxon sells its bonds at 108.375. The amount of premium or discount the bond is selling for is:

• A)$17.35
• B)$13.75
• C)$13.25
• D)$13.57
• E)None of these

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Definitions:

Double Bond

A chemical bond between two chemical elements involving four bonding electrons instead of the usual two.

Fatty Acid

A long hydrocarbon chain with a carboxylic acid group, found in fats and oils.

Shape

In chemistry, refers to the geometric arrangement of atoms in molecules or crystal structures.

Stearic Acid

A saturated fatty acid found in various animal and vegetable fats, widely used in the manufacture of soaps and cosmetics.