If the Annual Interest Rate Printed on the Face of a Bond

question 142

Multiple Choice

If the annual interest rate printed on the face of a bond is 7 percent,the face value of the bond is $1,000,and the current market price of the bond is $250,what is the current yield on the bond?

• A)25 percent.
• B)14 percent.
• C)28 percent.
• D)18 percent.

---

Definitions:

Change Strategies

Approaches and methods used by organizations to implement changes in order to improve processes, culture, or performance.

NLRA

The National Labor Relations Act, an essential law in the realm of US labor, ensures that employees have the right to organize themselves and to conduct collective negotiations with their employers.

Nonunion Employee Committee

A group formed within a workplace to discuss and address issues of interest to employees, independent of union representation.

Job Enrichment

The method of making a job more rewarding and satisfying by adding more meaningful tasks and giving workers more control over their duties.