Which of the Following Amounts Is Closest to the Value

question 51

Multiple Choice

Which of the following amounts is closest to the value of a bond that pays $55 semiannually and has an effective semiannual interest rate of 5%? The face value is $1,000 and the bond matures in 3 years. There are exactly six months before the first interest payment.

• A) $888
• B) $1,000
• C) $1,014
• D) $1,025
• E) $1,055

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Definitions:

Aggressive Methods

Aggressive methods refer to strategies or tactics that are forceful, confrontational, or intended to dominate or control.

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Individuals admired for their courage, outstanding achievements, or noble qualities, often inspiring others.

Villains

Characters in stories or real life who embody evil, wrongdoing, or moral ambiguity, often in opposition to heroes.

Disruptive Conduct Disorders

A group of mental disorders in children and adolescents characterized by persistent patterns of disruptive, impulsive, and defiant behavior towards authority figures.