A Corporate Bond Makes Payments of $9

question 114

Multiple Choice

A corporate bond makes payments of $9.67 every month for ten years with a final payment of $2009.67.Which of the following best describes this bond?

• A)a 10-year bond with a face value of $2000 and a coupon rate of 4.8% with monthly payments
• B)a 10-year bond with a face value of $2000 and a coupon rate of 5.8% with monthly payments
• C)a 10-year bond with a face value of $2009.67 and a coupon rate of 4.8% with monthly payments
• D)a 10-year bond with a face value of $2009.67 and a coupon rate of 5.8% with monthly payments
• E)a 10-year bond with a face value of $2009.67 and a coupon rate of 6.8% with monthly payments

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Definitions:

Planning And Control

The process of strategic decision making and operational oversight to manage an organization's resources efficiently and effectively to achieve desired outcomes.

Empowered Individuals

People who have been given authority and responsibility, enabling them to take action and make decisions independently.

Common Goal

A shared objective among a group of individuals or within an organization, fostering unity and collaborative efforts.

Tally Sheet

A document used for recording and counting results or items in real-time, often manually, as in inventory or quality control efforts.