Suppose a State of New York Bond Will Pay $1,000

question 61

Multiple Choice

Suppose a State of New York bond will pay $1,000 ten years from now.If the going interest rate on these 10-year bonds is 5.5%,how much is the bond worth today?

• A)$585.43
• B)$614.70
• C)$645.44
• D)$677.71
• E)$711.59

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Definitions:

Median Section

a type of anatomical section that divides the body or an organ vertically into equal right and left halves.

Midbrain

A region of the brainstem playing a critical role in motor movement, particularly eye movements, and in auditory and visual processing.

Corpora Quadrigemina

A structure in the midbrain comprising four colliculi (two superior and two inferior) that are involved in visual and auditory processes.

Cerebral Aqueduct

A narrow channel located in the midbrain that connects the third and fourth ventricles of the brain, allowing the flow of cerebrospinal fluid.