Ferris Metals Has Bonds Outstanding Which It Is Calling Today

question 73

Multiple Choice

Ferris Metals has bonds outstanding which it is calling today under the make-whole call provision.The bonds mature in 7 years,have a 9 percent coupon,pay interest semiannually,and have a par value of $1,000.What is today's call price given that the applicable discount rate is 7.05 percent?

• A) $879.12
• B) $968.35
• C) $1,015.55
• D) $1,106.30
• E) $1,172.71

Distinguish between situations requiring italics and quotation marks for titles of works.

Recognize and correctly use punctuation to highlight words or phrases to which the writer wishes to draw attention.

Comprehend the punctuation rules for lists and series within sentences.

Grasp the correct punctuation usage for emphasizing particular expressions or idioms.

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Definitions:

Drive

A psychological state that, by creating arousal, motivates an organism to engage in a behavior to satisfy a need.

Stabilizes Conditions

Actions or interventions that make a situation or condition more steady and less likely to change.

Arousal

Physiological activation (such as increased brain activity) or increased autonomic responses (such as increased heart rate, sweating, or muscle tension).

Incentives

External objects or external goals, rather than internal drives, that motivate behaviors.