If You Purchase a 5-Year,zero-Coupon Bond for $691

question 72

Multiple Choice

If you purchase a 5-year,zero-coupon bond for $691.72,how much could it be sold for 3 years later if interest rates have remained stable?

• A) $848.12
• B) $923.50
• C) $862.92
• D) $911.15

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Definitions:

Custom

Established norms and customary practices unique to a particular culture, location, or era, that dictate the conventional manner of conduct or performance.

Consumer Behaviour

The study of how individual consumers, groups, or organizations select, buy, use, and dispose goods, services, ideas, or experiences.

Culture

A complex system of values, traditions, symbols, and practices shared by a group of people that collectively form their way of life.

Crescive Norms

Unwritten rules that are discovered through interaction with a culture or society, influencing behavior and expectations.