A 65 Percent Coupon Bond Has a Face Value of $1,000

question 28

Multiple Choice

A 6.5 percent coupon bond has a face value of $1,000 and a current yield of 6.61 percent. What is the current market price?

• A) $983.36
• B) $989.18
• C) $1,011.82
• D) $3,933.43
• E) $4,067.47

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Definitions:

Immunization Records

Official documents detailing the vaccinations a person has received, often required for school entry, employment in certain fields, or travel.

Index Identifier

A unique identifier or a key used to access or reference data within an index or database more efficiently.

Indexing

A system of cross-referencing information contained in office files so that the data may be searched using different characteristics as the query term; the second step in filing.

Filing

The process of arranging documents in a systematic order for easy retrieval.