The Interest Rate for a $1,000 Bond Is 9 Percent

question 83

Multiple Choice

The interest rate for a $1,000 bond is 9 percent. If comparable bonds are paying 7 percent, what is the approximate market value for of the 9 percent bond?

• A) $1,286
• B) $1,090
• C) $1,000
• D) $900
• E) $700

Gain knowledge on appropriate responses in emergency situations, including steps to ensure safety and obtain help.

Understand the concepts of pluralistic ignorance and diffusion of responsibility, including their impact on social behavior.

Understand the concept and importance of self-esteem in personal and professional life.

Recognize the behaviors and attitudes associated with high self-esteem.

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Definitions:

Lowest Terms

The simplest form of a fraction where the numerator and denominator are as small as possible.

Multiples

Numbers obtained by multiplying a given number (the multiplier) by the integers.

Numerator

The top number in a fraction, representing the number of parts considered out of the whole.