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Suppose you are deciding whether to buy a particular bond. If you buy the bond and hold it for 4 years, then at that time you will receive a payment of $10,000. If the interest rate is 6 percent, you will buy the bond if its price today is no greater than
1865
The year marked by the end of the American Civil War and the assassination of President Abraham Lincoln; significant for the passage of the Thirteenth Amendment, which abolished slavery in the United States.
1914
The year that marked the start of World War I, a major global conflict that reshaped international politics and alliances.
First World War
A global conflict that occurred from 1914 to 1918, involving many of the world's great powers, and marked by significant losses and the introduction of new military technologies.
Shandong
A coastal province of Eastern China known for its significant historical and cultural sites.
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