Rick Bought a Bond When It Was Issued by Macroflex

question 57

Multiple Choice

Rick bought a bond when it was issued by Macroflex Corporation 14 years ago. The bond, which has a $1,000 face value and a coupon rate equal to 10 percent, matures in six years. Interest is paid every six months; the next interest payment is scheduled for six months from today. If the yield on similar risk investments is 14 percent, the current market value (price) of the bond is: (Round the answer to two decimal places.)

• A) $841.15.
• B) $1,238.28.
• C) $904.67.
• D) $757.26.
• E) $844.45.

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Definitions:

Hunter-gatherer Societies

communities that rely on hunting wild animals and gathering wild plants for sustenance, foregoing settled agriculture.

Explicit Instruction

A structured, direct teaching approach that includes clear statement of educational objectives, presentation of content, guided practice, feedback, and independent practice.

Everyday Activities

Common and routine actions performed by individuals on a daily basis, such as eating, dressing, and working.

Implicit Instruction

A teaching method where learners acquire knowledge unconsciously through exposure and practice, rather than through explicit teaching of rules and concepts.