A $40,000 Face Value Bond Matures in 100 Days and Has

question 94

Multiple Choice

A $40,000 face value bond matures in 100 days and has a bank discount yield of 3.86 percent.What is the current value of the bond?

• A) $39,392.19
• B) $39,473.14
• C) $39,486.47
• D) $39,571.11
• E) $39,680.00

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Definitions:

Allocating Resources

The process of assigning available resources in the most efficient way to achieve business goals and objectives.

Total Quality Management (TQM)

An organizational approach that seeks to improve quality and performance to meet or exceed customer expectations through continuous process improvements.

Customer Focus

A strategic orientation that prioritizes the needs and desires of customers in product development, marketing, and service delivery.

Cost Report

A financial report that details the costs associated with a specific project or segment of a business.