A $20,000 Face Value Bond Matures in 90 Days and Has

question 79

Multiple Choice

A $20,000 face value bond matures in 90 days and has a bank discount yield of 4.28%. What is the current value of the bond?

• A)$19,392.19
• B)$19,473.14
• C)$19,486.47
• D)$19,571.11
• E)$19,786.00

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Definitions:

Effective Options

Viable and efficient choices or strategies that can be implemented to achieve desired outcomes.

Immunosuppression

A reduction in the efficacy of the immune system, either naturally, as in some diseases, or induced, as by certain medications.

Defense System

The defense system is a psychological mechanism utilized to cope with reality and to maintain self-image by unconsciously denying or distorting reality.

Biofeedback

A technique that trains individuals to improve their health by controlling certain bodily processes that normally happen involuntarily, such as heart rate.