If You Own a $1000 Face Value Bond with One

question 137

Multiple Choice

If you own a $1000 face value bond with one year remaining to maturity and a 3 per cent interest rate, and new bonds are paying 14 per cent, what is the most you can get for your old bond?

• A)$903.51
• B)$997.19
• C)$1000
• D)$1140

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Definitions:

Language Development

Refers to the process by which children come to understand and communicate language during early childhood.

Grammatical Rules

The structured guidelines governing the composition of clauses, phrases, and words in any given natural language.

Grammatical Rules

The structured guidelines that govern the composition of sentences, phrases, and words in any given language, ensuring meaningful and standardized communication.

Overgeneralize

Making broad generalizations from a single or few instances, often leading to inaccurate conclusions.