If You Held a Bond with Face Value of $10

question 49

Multiple Choice

If you held a bond with face value of $10 000 maturity in 12 years,semi-annual coupon of 6 percent,and the coupons on par value bonds with the same maturity today are 3 percent,how much would your bond be worth now on the secondary market?

• A)$10 000
• B)$13 005
• C)$19 781
• D)$14 908

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Definitions:

Generation X

The demographic cohort following the baby boomers and preceding the Millennials, typically born between the mid-1960s and early 1980s.

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The use of computers and software to manage information, particularly in the business environment.

Empowerment

Passing decision-making authority and responsibility from managers to group members.

Micromanagement

The close monitoring of most aspects of group member activities by the manager or leader.