If the Maturity Value Is $15,012

question 112

Multiple Choice

If the maturity value is $15,012.47,what is the face value of the note? (to nearest dollar)

• A)$14,264
• B)$14,258
• C)$14,250
• D)$14,209

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Definitions:

Market Value

The current quoted price at which an asset or a service can be bought or sold in a marketplace.

Retained Earnings

The portion of net income that is not distributed to shareholders and is instead reinvested in the company.

Treasury Stock

Shares of a company's own stock that it has reacquired and held in the company's treasury.

Cost Per Share

The price at which a company's shares were initially offered to the public or the current market value of a share.