If You Own a $1000 Face Value Bond with One

question 109

Multiple Choice

If you own a $1000 face value bond with one year remaining to maturity and a 5 per cent coupon rate,and new bonds are paying 12 per cent,what is the most you can get for your old bond?

• A) $1120
• B) $1000
• C) $937.50
• D) Impossible to determine without additional information

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Definitions:

Close Of Meeting

The concluding part of a meeting where summaries are made, and next steps are outlined.

Minute Notes

Brief records of the main points discussed and decisions made during a meeting.

Meeting Productivity

The effectiveness and efficiency with which meetings are conducted, leading to meaningful outcomes.

Distribute Minutes

The process of sharing the written record of a meeting, detailing the discussions, decisions, and actions, with all relevant parties.