Mary Is Considering the Purchase of 5 Bonds

question 2

Multiple Choice

Mary is considering the purchase of 5 bonds. What is the market value of these bonds?
Face value of each bond: $500
Price per bond: 75.5%
Interest rate: 9.25%
Commission per $500 bond: $5

• A) $231.25
• B) $1,887.50
• C) $2,642.50
• D) $18,875

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Definitions:

Climato-Economic Theory

A theory positing that the economic and climatic conditions of a region shape its culture's norms and practices, especially regarding how much emphasis is placed on future planning and social norms.

Van de Vliert

Refers to Evert Van de Vliert, a psychologist known for his research on how climate and economic conditions influence societal cultures, conflict, and cooperation.

Attributions

Explanations for the causes of behaviors or events, often categorized as internal (personal) or external (situational) in nature.

Controllability

The degree to which a situation or event can be controlled or influenced by actions, often related to the perceptions of individuals about their own efficacy in managing circumstances.