The Current Price of a 10-Year, $1,000 Par Value Bond

question 59

Multiple Choice

The current price of a 10-year, $1,000 par value bond is $1,158.91. Interest on this bond is paid every six months, and the simple annual yield is 14 percent. Given this information, the annual coupon rate on the bond is: (Round the answer to the nearest whole number.)

• A) 10%.
• B) 12%.
• C) 14%.
• D) 17%.
• E) 21%.

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Definitions:

Force-Coercion Strategy

A change management approach that relies on the use of authority, threats, or pressure to achieve desired organizational changes.

Special Advantage

A special advantage refers to a unique strength or benefit that an entity possesses, setting it apart from competitors and contributing to its success.

Resistance To Change

The opposition or reluctance to adopt new strategies, processes, or behaviors within an organization or individual, often due to fear or uncertainty.

Contemporary Manager

A manager who leverages current knowledge, technologies, and approaches to effectively lead and navigate in today's dynamic business environment.