Phillip Owns Two (2) $1,000 Corporate Bonds Issued by Exxon

question 11

Multiple Choice

Phillip owns two (2) $1,000 corporate bonds issued by Exxon.The bond pays 5 percent.If interest is paid semiannually, what is the amount of the cheque that Phillip will receive at the end of each six-month period?

• A)$5
• B)$10
• C)$50
• D)$100
• E)$1,000

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Definitions:

Appropriate

Suitable or proper in the context of particular conditions or circumstances.

Critical Thinking Skills

Critical thinking skills involve the ability to analyze information objectively, evaluate arguments, identify biases, and make reasoned decisions.

Incubation

A stage in the creative problem-solving process during which an individual sets the problem aside and does not consciously think about it, often leading to a solution emerging spontaneously.

Prefrontal Cortex

A region of the frontal lobe of the brain associated with decision making, cognitive behavior, personality expression, and social behavior.