A Person Buys a Bond with a Face Value of $10,000

question 100

Multiple Choice

A person buys a bond with a face value of $10,000 for $9,325.Each year until the maturity date the bond buyer receives $850 from the issuer of the bond.The coupon rate on the bond is

• A) 9.11 percent.
• B) 8.5 percent.
• C) 10.0 percent.
• D) 6.75 percent.
• E) There is not enough information to answer the question.

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Definitions:

Ethical Behavior

Acting in ways that are consistent with societal standards for right and good conduct.

Unethical Organizational

Practices or behaviors within an organization that contradict moral principles, standards, or codes, leading to detrimental consequences for individuals, society, or the organization itself.

Cryptic

Something that is mysterious or obscure in meaning, often requiring careful analysis or interpretation to be understood.

Managing Diversity

The practice of recognizing, understanding, and valuing differences among people in the workplace and implementing strategies to include diverse perspectives in organizational activities.