If You Own a $1000 Face Value Bond with One

question 26

Multiple Choice

If you own a $1000 face value bond with one year remaining to maturity and a five per cent interest rate, and new bonds are paying 12 per cent, what is the most you can get for your old bond?

• A)$1120
• B)$1000
• C)$937.50
• D)impossible to determine without additional information

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Definitions:

Sternocleidomastoid Muscle

A muscle in the side of the neck that acts to flex and rotate the head.

Lumbar Spine

The lower part of the spine consisting of five vertebrae between the thoracic spine and sacral region, often associated with lower back pain.

Range-Of-Motion (ROM)

The total capacity for movement within a joint, often measured by the extent of its bending and straightening capabilities.

Hemiparesis

A partial weakness on one side of the body, often a result of a stroke or brain injury.