Which of the Following Amounts Is Closest to the Value

question 51

Multiple Choice

Which of the following amounts is closest to the value of a bond that pays $55 semiannually and has an effective semiannual interest rate of 5%? The face value is $1,000 and the bond matures in 3 years. There are exactly six months before the first interest payment.

• A) $888
• B) $1,000
• C) $1,014
• D) $1,025
• E) $1,055

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Definitions:

Voice

In organizational context, the ability of employees to express opinions, concerns, or to suggest improvements without fear of retaliation.

Ethical Standards

Set of principles that guide moral conduct and decision-making in personal and professional contexts, often reflecting values such as honesty, integrity, and fairness.

Voluntary Turnover

The act of employees leaving an organization by their own choice, as opposed to being dismissed or terminated by the employer.

Facility Closed

The process or state of shutting down operations and ceasing activities in a particular building or location.