What Is the Present Value of a $15,000 Face Value

question 21

Multiple Choice

What is the present value of a $15,000 face value STRIPS with 8 years to maturity and a yield to maturity of 5.25%?

• A)$6,615.12
• B)$9,723.86
• C)$9,909.24
• D)$9,960.00
• E)$12,191.75

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Definitions:

Overt Power

The openly displayed ability or authority to influence or control others.

Managerial Power

The authority and influence that managers hold to make decisions, allocate resources, and direct the activities of others within an organization.

Expert Power

A form of power that arises from possessing knowledge or expertise in a particular area that others value.

Expert Power

The influence a person has over others due to their recognized expertise, skills, or knowledge in a specific area.