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:

Nonprogrammed Decisions

Choices enacted in reaction to scenarios that are distinct, ill-defined, highly unstructured, and carry significant implications for the organization.

Creative Problem Solving

An approach to problem-solving that involves out-of-the-box thinking and the generation of innovative solutions.

Ethical Problem

A situation that poses a moral dilemma, requiring an individual to choose between actions that are evaluated as right or wrong based on ethical principles.

Decision Rule

A decision rule is a guideline or criterion that guides choices or judgments in decision-making processes.