A $5,000 Face Value Bond Is Quoted at a Bank

question 59

Multiple Choice

A $5,000 face value bond is quoted at a bank discount yield of 2.8 percent.What is the current value of the bond if it matures in 36 days?

• A) $4,972
• B) $4,978
• C) $4,982
• D) $4,986
• E) $4,991

---

Definitions:

Domain-Specific Insights

Knowledge or understanding that is specific to a particular field or area of interest, rather than general or across multiple domains.

Scripts

Structured sequences of expected behaviors or actions in specific social situations, guiding individuals on how to act or respond.

Unevenness of Development

Variations in the rate of development across different areas such as social, emotional, and cognitive growth within the same individual.

Early Childhood

A period in human development from birth to the beginning of formal education, typically around age 5 or 6.