Which of the Following $1,000 Face Value Bonds Has a 10

question 155

Multiple Choice

Which of the following $1,000 face value bonds has a 10% yield, assuming semiannual coupon payments of 8%?
1) A 5 year maturity bond selling for $964.54
2) A 10 year maturity bond selling for $875.39
3) A 20 year maturity bond selling for $828.36

• A)(1)
• B)(2)
• C)(3)
• D)(2)and (3)

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Definitions:

Political Party

An organized group of people with at least roughly similar political aims and opinions, that seeks to influence public policy by getting its candidates elected to public office.

Ultimate Goal

The overarching objective or aim that an individual, group, or organization strives to achieve.

Primary Elections

Elections held to determine the nominees from political parties who will run in the general election for various offices.

Caucuses

Meetings of members of a political party to select delegates to the national convention or express preferences for candidates for office within the party framework.