Which of the Following Amounts Is Closest to the Value

question 28

Multiple Choice

Which of the following amounts is closest to the value of a bond that pays €55 semiannually and has an effective semiannual interest rate of 5%? The face value is €1,000 and the bond matures in 3
Years.There are exactly six months before the first interest payment.

• A)€888
• B)€1,000
• C)€1,014
• D)€1,025
• E)€1,055

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Definitions:

Late Majority

A category of consumers that rely on others for information, buying a good or service because others have already done so.

Customer Service

The support and assistance provided by a company to those who buy or use its products or services.

Product Life Cycle

The progression of a product through different stages from introduction to growth, maturity, and decline in the market.

Laggard

Term used to describe a person, organization, or entity that is slow to adopt new technologies, practices, or innovations, often resistant to change.