The Price of a Bond Having No Expiration Date Is

question 394

Multiple Choice

The price of a bond having no expiration date is originally $8,000 and has a fixed annual interest payment of $800. A fall in the price of the bond by $3,000 will provide a new buyer of the bond an interest rate of

• A) 10 percent.
• B) 12 percent.
• C) 14 percent.
• D) 16 percent.

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Definitions:

Community Psychologists

Professionals who apply psychological principles and approaches to work with communities to address social issues and improve quality of life.

Psychopharmacologists

Specialists who study the effects of drugs on the mind and behavior, often involved in developing or testing psychiatric medications.

Cognitive Psychologists

Scientists who study mental processes such as perception, memory, thought, and problem-solving to understand how the mind works.

Posttraumatic Growth

Positive psychological changes as a result of struggling with extremely challenging circumstances and life crises.