A $300,000, 5%, 20-Year Bond Was Issued at 97

question 5

Multiple Choice

A $300,000, 5%, 20-year bond was issued at 97. The proceeds received from the bond issuance are:

• A) $291,000.
• B) $285,600.
• C) $300,000.
• D) $309,000.

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Definitions:

Pebble Tools

Primitive stone tools made by chipping small flakes from pebbles to create a sharp edge, used by early humans for cutting and scraping; typical of the Paleolithic era.

Atlatl

A tool used to throw spears or darts with greater force and distance than could be achieved by the human arm alone, employed by various ancient cultures.

Burin

A type of stone tool with a chisel-like edge, primarily used in carving or engraving hard materials during prehistoric times.

Flakes

Small, thin pieces of something, typically broken off from a larger piece, often used in reference to stone tool production in archaeology.