If You Own a $1,000 Face Value Bond with One

question 516

Multiple Choice

If you own a $1,000 face value bond with one year remaining to maturity and a 7 percent coupon rate and new bonds are paying 11 percent,what is the most you can get for your old bond?

• A)$1,028.85
• B)$1,000.00
• C)$963.96
• D)$952.30

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Definitions:

Verbs-not Nouns

A stylistic approach emphasizing action-oriented language to make writing more dynamic and engaging.

Passive Voice

A grammatical construction in which the subject of the sentence is acted upon by the verb, often resulting in a less direct or weaker statement.

Parallel Structure

A grammatical and stylistic technique wherein parts of sentences match in structure, ensuring clarity and balance in writing.

Global Warming

The increase in Earth's average surface temperature due to rising levels of greenhouse gases.