Use the Following Information to Answer the Question(s)below

question 25

Multiple Choice

Use the following information to answer the question(s) below.
-The price today of a two-year default-free security with a face value of $1000 and an annual coupon rate of 5% is closest to:

• A)$1002.78.
• B)$1003.31.
• C)$1028.50.
• D)$1028.61.

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Definitions:

Being Proud

The feeling of satisfaction and pleasure derived from one's accomplishments, qualities, or possessions.

Growth And Development

The process through which a company increases its size, value, and capacities, or an individual improves skills and knowledge.

Resources

Assets, materials, and other items or capabilities that can be utilized to achieve goals or perform tasks.