A Twenty Year Bond with a $1000 Face Value Was

question 12

Multiple Choice

A twenty year bond with a $1000 face value was issued with a yield to maturity of 4.5% and pays coupons semi-annually.After ten years,the yield to maturity is still 4.5% and the clean price of the bond is $960.09.After three more months go by,what would you expect the dirty price to be?

• A)$960.09
• B)$970.09
• C)$980.09
• D)Cannot be determined from information given.

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Definitions:

Domestic Labour

The work carried out in the home, such as cleaning, cooking, and childcare, often undervalued in economic assessments.

Sandwich Generation

A generation of people who are caring for their aging parents while supporting their own children, often juggling financial and time responsibilities.

Role Strain

Stress or tension experienced by an individual when facing competing demands or expectations within the same social role.

Social Reproduction

The process by which societies have structural continuity over time, ensuring the transmission of norms, values, and social practice from one generation to another.