If a Bond Is Quoted in the Newspaper at 88

question 78

Multiple Choice

If a bond is quoted in the newspaper at 88.75, the current price of a $1,000 face value bond is:

• A) $75.00.
• B) $88.00.
• C) $88.75.
• D) $887.50.
• E) $1,000.00.

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Definitions:

Cognitive Behavioral Therapy

A form of psychotherapy that focuses on changing negative thought patterns and behaviors.

Homework Assignments

Tasks assigned by educators to students that are meant to be completed outside of classroom hours, intended to reinforce learning.

Subjectivity

The quality of being influenced by personal feelings, tastes, or opinions in contrast to objective facts.

Systematic Desensitization

A therapy technique used to reduce phobia or anxiety through gradual exposure to the feared object/situation combined with relaxation exercises.