Exhibit 18.2 USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)

question 84

Multiple Choice

Exhibit 18.2
USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)
Talmart Corporation bonds have a $1,000 face value and will mature in 4 years. The bonds have a 7% coupon rate. Interest is paid annually and the required rate of return is 6 percent for these bonds.
-Refer to Exhibit 18.2. If interest rates increase 50 basis points, what will be the approximate price change for the Talmart bond?

• A)-17.0%
• B)-1.7%
• C)1.7%
• D)1.8%
• E)17.0%

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Civil Rights

The rights of citizens to political and social freedom and equality, protected by law against discrimination or infringement.

Congressional Black Caucus

A caucus made up of most African American members of the United States Congress, advocating for the interests of Black Americans and other minorities.

Equal Employment Opportunity Commission

A U.S. federal agency that administers and enforces civil rights laws against workplace discrimination.

Clarence Thomas

An Associate Justice of the Supreme Court of the United States, known for his conservative judicial positions and for being the second African American to serve on the Court.