A Bond That Is Currently Selling for $933

question 41

Multiple Choice

A bond that is currently selling for $933.38 has a conversion price of $62.50. If the par value is $1,000, what is the conversion ratio?

• A) 13
• B) 14
• C) 15
• D) 16
• E) 17

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Definitions:

Semantics

The branch of linguistics concerned with the meaning of words, phrases, and sentences in language and communication.

Decoding

The process of interpreting or making sense of a message or information received.

Semantics

The study of meaning in language, including the analysis of the meanings of words, phrases, and sentences.

Encoding

The process of converting ideas into a form that can be communicated, such as transforming thoughts into language or gestures.