A Bond with No Expiration Date Has a Face Value

question 321

Multiple Choice

A bond with no expiration date has a face value of $10,000 and pays a fixed 10 percent interest. If the market price of the bond rises to $11,000, the annual yield approximately equals

• A) 11 percent.
• B) 10 percent.
• C) 9 percent.
• D) 8 percent.

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Definitions:

Sexual Harassment

Unwelcome sexual advances, requests for sexual favors, and other verbal or physical harassment of a sexual nature.

Employment Equity

A policy or practice aimed at achieving a diverse and inclusive workforce by removing barriers and discriminating practices that affect designated groups.

Special Measures

Actions or policies implemented to correct imbalances or support groups that are disadvantaged within the workplace or society.

Reasonable Accommodation

Adjustments or modifications to a job or work environment that enable a qualified individual with a disability to participate in the job application process or to perform essential job functions.