Which of the Following Amounts Is Closest to the Value

question 40

Multiple Choice

Which of the following amounts is closest to the value of a bond described in The Wall Street Journal as 7s 2019? It is exactly ten years until maturity and the appropriate interest rate is 13%.Assume that the bond matures in the same month as when the quote is given,that interest payments are made twice a year,and that an interest payment has just been made.

• A)$626.28
• B)$669.44
• C)$701.05
• D)$754.50
• E)$1,000.00

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Definitions:

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Deep and lasting emotional pain or trauma that affects an individual’s mental and emotional health.

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