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.

---

Definitions:

Statute Of Limitations

A law that sets the maximum time after an event within which legal proceedings may be initiated.

UCC

The Uniform Commercial Code, a set of laws that governs sales and commercial transactions in the United States.

Breach

The violation of a law, duty, agreement, or trust, leading to legal consequences.

Express Warranty

An explicit promise made by a seller about the quality or functionality of goods or services.