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

question 102

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 these facts,what is the annual coupon rate on this bond?

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

---

Definitions:

Negotiator

A person or entity that engages in discussions with one or more parties to reach a mutually acceptable agreement or resolution.

Caution

The practice of being careful, or avoiding potential problems or dangers.

Negotiating Team

A group of individuals assembled to represent a party during bargaining or negotiation processes.

Constituency

A group of people represented by an elected official or body, or a specific demographic group that shares common interests.