Microsoft Issues a 2-Year Bond with a Face Value of $5,000.In

question 51

Multiple Choice

Microsoft issues a 2-year bond with a face value of $5,000.In addition to the principal paid at maturity,the bond has 2 annual coupon payments of $500 each,to be received at the end of the first and second year respectively.If the interest rate is 10 percent (0.10) per year,what is the value of the newly issued bond?

• A)$5,000.00
• B)$6,000.00
• C)$5,886.68
• D)$4,901.48
• E)$41.32

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Union Organization

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Contributions paid by employees and employers into a government program that provides temporary financial assistance to unemployed workers.

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A form of protest or demonstration by workers, often occurring during strikes, where participants position themselves outside a workplace to dissuade others from entering.