Assuming That the Bond Sells at Par,the Implicit $/£ Exchange

question 26

Multiple Choice

Assuming that the bond sells at par,the implicit $/£ exchange rate at maturity of a British pound-U.S.dollar dual currency bond that pays £581.40 at maturity per $1,000 of par value is

• A)$1.95/£1.00.
• B)$1.72/£1.00.
• C)$1.58/£1.00.
• D)$0.5814/£1.00.

Identify and correct comma splices in sentences.

Distinguish between correctly and incorrectly punctuated sentences.

Recognize the structure of a correct sentence.

Apply rules of punctuation and sentence structure in writing.