Five Years Ago Fairfield Farms Inc

question 74

Multiple Choice

Five years ago Fairfield Farms Inc.issued 20 year semi-annual coupon bonds with a 9% annual coupon rate and a $1,000 face value.If the bonds currently carry a yield to maturity of 6%,what is the current price of a bond?

• A)$1,346.72
• B)$1,294.01
• C)$1,344.10
• D)$1,291.37

---

Definitions:

Early Sociology

Refers to the study and development of sociological theories and practices in the late 19th and early 20th centuries.

Enlightenment Thinkers

Philosophers and intellectuals of the 18th century Enlightenment period who emphasized reason, science, and individual rights over tradition and authority.

Traditional Authorities

denote individuals or institutions that wield power through customs, traditions, or cultural consensus.

Vilfredo Pareto

An Italian economist and sociologist known for his contributions to economic theory and the Pareto principle, also known as the 80/20 rule.