You Have Just Been Offered a $1,000 Par Value Bond

question 35

Multiple Choice

You have just been offered a $1,000 par value bond for $847.88.The coupon rate is 8 percent,payable annually,and interest rates on new issues of the same degree of risk are 10 percent.You want to know how many more interest payments you will receive,but the party selling the bond cannot remember.Can you determine how many interest payments remain?

• A) 14
• B) 15
• C) 12
• D) 20
• E) 10

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Definitions:

Older Workers

Employees within an organization who are generally considered to be near or beyond the traditional age of retirement, valued for their experience and knowledge.

Job Performance

The degree to which an employee accomplishes the assigned tasks and fulfills the requirements of their role within an organization.

Women with MBAs

Refers to females who have obtained a Master of Business Administration degree, emphasizing the representation and roles of women in the business field.

Earn

To receive payment or reward in exchange for work or services provided.