What Is the Approximate Market Value of a Bond That

question 72

Multiple Choice

What is the approximate market value of a bond that pays $60 interest each year if comparable interest rates have dropped to 5%?

• A) $100
• B) $300
• C) $500
• D) $1,200
• E) $2,400

---

Definitions:

Assistive Devices

Tools, products, or types of equipment that are designed to help people perform tasks and activities they might otherwise be unable to undertake or to perform such tasks and activities more easily and safely.

Flat Position

A body position where the person is lying down on their back with no inclination, making the body level with the horizontal surface.

Discharge Planning

A process used by healthcare professionals to prepare a patient for their transition from the hospital to home or another facility, ensuring continuity of care.

Neurological Unit

A specialized hospital or clinic department focused on the care and treatment of patients with neurological conditions affecting the brain, spinal cord, and nerves.