Solve the Problem

question 16

Multiple Choice

Solve the problem. Round to the nearest tenth of a percent.
-What percent of 187 is 11.7?

• A)6.3%
• B)1598.3%
• C)0.2%
• D)0.1%

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Definitions:

Bond Indenture

A legal contract between a bond issuer and bondholders, detailing the terms of the bond such as the interest rate, maturity date, and obligations of both parties.

Investment Company

A corporation or trust engaged in the business of investing the pooled capital of investors in financial securities.

Bond Certificate

A legal document that indicates the name of the issuer, the face value of the bonds, the contractual interest rate, and maturity date of the bonds.

Conversion Feature

An option in some financial instruments, such as bonds, that allows the holder to convert the instrument into other securities, typically shares of the issuing company, under specified conditions.