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

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Definitions:

Communication

The exchange of information or ideas between individuals or groups.

Low-Context Culture

A communication style that relies heavily on explicit and detailed verbal information rather than context, non-verbal cues, or shared history to convey meaning.

Nonverbal Communication

A form of communication that involves conveying messages through gestures, facial expressions, body language, and tone of voice rather than words.

Albert Mehrabian

A psychologist known for his theories on the relative importance of verbal and non-verbal messages in human communication.