A Bond Has a Face Value of $1,000 and Coupon

question 19

Multiple Choice

A bond has a face value of $1,000 and coupon payments of $80 annually.This bond matures in three years and is selling for $1,000 in the market.Market interest rate is 8 percent.What is this bond's duration?

• A)3 years
• B)2.78 years
• C)1.95 years
• D)4.31 years
• E)None of the options is correct.

Understand the structure and processing of mRNA, including exon and intron organization.

Explain the formation and function of glycoproteins in cells.

Understand different types of technical drawing views and their applications.

Recognize the terminology and abbreviations used in drafting.

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Definitions:

Worker

An individual engaged in a physical or intellectual activity with the aim of earning a wage or salary.

Derived Demand

The demand for a good or service that arises from the demand for another good or service. For example, the demand for steel is derived from the demand for automobiles.

Margarine

A spread used for flavoring, baking, and cooking that is made from vegetable oils and is considered a butter substitute.

Resource Demand

The demand for inputs necessary for the production of goods and services.