Use the Table for the Question(s)below

question 63

Multiple Choice

Use the table for the question(s) below.
Consider the following zero-coupon yields on default-free securities:
-The price today of a 3-year default-free security with a face value of $1000 and an annual coupon rate of 6% is closest to:

• A)$1000.
• B)$1021.
• C)$1013.
• D)$1005.

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Definitions:

Financial Resources

Assets in the form of money or other valuables that an individual or organization can draw upon to fund its operations, investments, and to secure its future.

Coping Strategies

Techniques or methods that individuals use to handle, endure, or minimize stress and conflict in life.

Hormone

Chemical messengers produced by glands in the body that regulate physiological functions and behavior by traveling through the bloodstream to target organs.

Cognitions

Mental processes involved in gaining knowledge and comprehension, including thinking, knowing, remembering, judging, and problem-solving.