Ted Owns a Bond Which Is Callable in 2

question 21

Multiple Choice

Ted owns a bond which is callable in 2.5 years.The bond has a 6 percent coupon,pays interest semiannually,has a par value of $1,000,and has a yield to call of 6.3 percent.What is the call premium if the bond currently sells for $1,044.54?

• A) $50
• B) $60
• C) $70
• D) $75
• E) $80

Distinguish between different codes, standards, and laws related to testing, privacy, and confidentiality.

Understand qualifications necessary for administering and interpreting tests in various contexts.

Identify the limits of confidentiality and circumstances under which it can be ethically breached.

Recognize the importance of test characteristics such as validity, reliability, practicality, and cross-cultural fairness in test selection.

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Definitions:

Wage Controls

Government-imposed limits on the wages that can be offered or paid to workers within an economy.

World War II

A global conflict that lasted from 1939 to 1945, involving most of the world's nations.

Medicare

A federal program that provides for (1) compulsory hospital insurance for senior citizens, (2) low-cost voluntary insurance to help older Americans pay physicians’ fees, and (3) subsidized insurance to buy prescription drugs. Financed by payroll taxes.

Social Security

The social insurance program in the United States financed by federal payroll taxes on employers and employees and designed to replace a portion of the earnings lost when workers become disabled, retire, or die.