What Was the Price, Per $100 of Face Value, of an 8.7

question 54

Multiple Choice

What was the price, per $100 of face value, of an 8.7% 15 August 2014 Treasury bond settled on 21 April 2008 at a yield of 5.8% p.a.? (f = 116, d = 181)

• A)$114.52
• B)$116.71
• C)$118.87
• D)$115.52
• E)None of these.

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Definitions:

Consumer Lease

A legal agreement where a consumer agrees to rent personal property, like a car or household appliance, for personal, family, or household use for a period of time.

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Usage Of Trade

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