A Consol Is Selling at $1,200 with an Interest Rate

question 77

Multiple Choice

A consol is selling at $1,200 with an interest rate of 5%. How much would this bond sell for if the interest rate were 8% instead?

• A) $200.
• B) $750.
• C) $1,650.
• D) $1,920.

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Definitions:

Obsolete Desk Calculators

Refers to desk calculators that are no longer used or considered outdated due to advances in technology.

Financial Advantage

The benefit achieved in economic terms that contributes to the financial health of a company or individual.

Alternative B

A second option or scenario often considered in decision-making processes or strategic planning.

Costs Associated

All expenses that are directly connected to a specific project, department, or production process.