You turn to the bond market page of a newspaper and look under the column headed "Bonds" and see that it says, "Gemco 5 3/4 13" this indicates that
A) the coupon rate on this bond is 5.75 percent.
B) this bond will mature 13 years from the date that it was first issued.
C) the current yield on this bond is 5.75 percent.
D) a and b
E) all of the above
A
You might also like to view...
An increase in the price level will: a. make the consumption function flatter. b. make the consumption function steeper
c. increase consumption because wages will increase. d. decrease consumption because falling interest rates make it cheaper to borrow. e. decrease consumption because the value of net wealth will decrease.
Higher inflation and interest rates led to ___________
Fill in the blank(s) with the appropriate word(s).
Governments often ________ activities that generate external ________.
A. tax; benefits B. simultaneously tax and subsidize; costs C. tax; costs D. subsidize; costs
According to classical economists, in recessions, the government should
A. eliminate barriers to labor market adjustment, such as burdensome regulations on businesses. B. stimulate the economy to increase demand. C. actively use fiscal policy to combat the recession. D. increase the minimum wage so that poor people will be able to afford necessities.