A $50,000 Face Value Bond Matures in 75 Days and Has

question 22

Multiple Choice

A $50,000 face value bond matures in 75 days and has a bank discount yield of 3.75 percent.What is the current value of the bond?

• A) $49,392.19
• B) $49,473.14
• C) $49,486.47
• D) $49,571.11
• E) $49,609.38

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Definitions:

Black Men

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Freedmen's Bureau

A U.S. federal government agency established in 1865 to aid freed slaves in the South during the Reconstruction era.

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The process of reallocating land, often by government authority, to redistribute property from one group to another.

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The act of a lawyer or legal advocate defending or representing a client's interests in a court of law or legal matters.