In Dollars, What Is the Closing Price of This Bond

question 110

Short Answer

In dollars, what is the closing price of this bond?
$$\begin{array} { | l | l | l | l | l | } \hline \text { Bond } & \text { Current Yield } & \text { Vol } & \text { Close } & \text { Net Change } \\\hline \text { NDon }7\frac {\text { 1}} { \text {2 } }\quad23 & & 12 & 67.50 & - 8 \\\hline\end{array}$$

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Definitions:

Anal Stage

A phase in Freudian psychosexual development occurring roughly between the ages of 18 months and three years when children focus on bowel and bladder control.

Anal Character

A personality type that Freud theorized is characterized by orderliness, stubbornness, and a focus on control as a result of certain experiences during the anal stage of psychosexual development.

Dependence

A state in which there is a reliance on or need for something or someone for support or to function properly.

Regression

In psychology, regression is a defense mechanism that leads an individual to revert to a previous stage of development or to earlier, less sophisticated behaviors in response to stress or anxiety.