Last Year,Danielle Bought a Bond for $1,000 That Promises to Pay

question 169

Multiple Choice

Last year,Danielle bought a bond for $1,000 that promises to pay $115 a year.This year,a person who buys a bond for $1,000 receives $120 a year.If Danielle were to sell her (old) bond,its price would be approximately

• A) $958.
• B) $1,043.
• C) $1,211.
• D) $1,115.

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Definitions:

Broad and Global Issues

encompasses widely encompassing, international concerns that affect multiple countries and populations.

Avoid Details

The approach of focusing on broader objectives or strategies without being bogged down by intricate specifics.

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The ability of an organization to remain focused on long-term objectives while also being flexible enough to take advantage of short-term opportunities.

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