Assume the interest rate is 5%. What is the present discounted value of a $1,000 bond that pays a $50 coupon each year for 10 years?
A. $989.91
B. $999.91
C. $1,000.00
D. $1,009.99
C. $1,000.00
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A higher interest rate makes _____ more attractive. Therefore the quantity of loanable funds supplied increases
Fill in the blank(s) with correct word
Bank reserves are:
A. currency, customer checking and savings deposits. B. any asset used to purchase goods and services. C. cash and similar assets held to meet depositor withdrawals or payments. D. currency and customer checking deposits.
Value added is calculated by:
A. subtracting the cost of materials used in production from the value of sales. B. adding the cost of materials used in production to the value of sales. C. adding the value of output to the value of inputs. D. subtracting the value of sales from the cost of materials used in production.
The Command System (communism)
What will be an ideal response?