If the coupon payment on a bond is $500 and the coupon rate is 5%, then what is the face value of the bond?
A. $10,667
B. $10,000
C. $1,000
D. $678.40
E. There is not enough information provided to answer this question.
Answer: B
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A sudden massive reduction in the availability of chocolate will likely cause the price of chocolate to ________, which will ________ the quantity of chocolate demanded by consumers
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
High-income countries such as the United States spend a greater amount on services as compared to goods
Indicate whether the statement is true or false
Refer to the accompanying figure. If the market for doughnuts is perfectly competitive, then assuming this firm can earn enough revenue to cover its variable cost, it should produce:
A. the quantity of doughnuts at which average total cost is minimized. B. the quantity of doughnuts at which marginal cost equals the market price. C. 50 doughnuts per day. D. the quantity of doughnuts at which average total cost equals the market price.
In which of the following situations is the percentage change in real GDP always positive?
A. Inflation. B. Growth recession. C. Depression. D. Recession.