You Have a Bond That Entitles You to a One-Time

question 127

Multiple Choice

You have a bond that entitles you to a one-time payment of $10,000 one year from now.The interest rate is 10 percent per year.How much is the bond worth today?

• A)$9,090.91
• B)$10,000.00
• C)$8,264.46
• D)$9,523.81

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Definitions:

Periodic Table

A layout in table form of chemical elements, arranged according to atomic number, electron configuration, and periodic chemical properties.

Properties

Characteristics of a substance that define its physical and chemical behavior, such as melting point, boiling point, density, and reactivity.

Palladium (II) Chloride

A chemical compound consisting of palladium and chlorine, commonly used as a precursor in various chemical reactions and catalysis.

Formula

A mathematical or chemical expression that uses symbols and numbers to represent relationships or compositions.