If the coupon payment on a bond is $140 and the coupon rate is 5%, then what is the price value of the bond?
A) $2,800
B) $147
C) $254.40
D) $5,000
E) There is not enough information provided to answer this question.
E
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The ________ automatically distributes scarce goods.
A. command economy B. price system C. barter system D. laissez-faire economy
Used car dealers are able to make a profit by buying used cars at a low price and selling them at a higher price because
a. they sell lemons b. they can take advantage of unsuspecting consumers c. they are attempting to maximize their profits d. the transaction costs to some buyers is less than it would be without the used car dealers e. there are no transaction costs associated with the process of buying a used car
Which concept is best illustrated by the "prisoner's dilemma"?
a. product standardization b. interaction c. profit maximization d. marginal analysis e. average total cost
The trilemma refers to all the following EXCEPT:
a. a fixed exchange rate. b. international capital mobility. c. monetary policy autonomy. d. price controls.