A one-year discount bond has a face value of $1000 and price of $880. What is the yield to maturity on the bond? Report using percentages with two decimal places
What will be an ideal response?
The yield to maturity is ($1000 - $880)/$880 = 13.64%
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Total income in a country in 2012 is $780 billion. Total expenditure in the country
A) cannot be determined. B) is greater than $780 billion. C) is $780 billion. D) is less than $780 billion. E) is either less than or equal to $780 billion.
The U.S. federal government embraced all of the Populists' requests, including the nationalization of the railroad system
Indicate whether the statement is true or false
Refer to the accompanying figures. If the price of soda is $1.25 per can, then the quantity of soda demanded in the market each month is: 
A. 30. B. 10. C. 0. D. 40.
when a higher price level reduces the purchasing power of the public's accumulated savings balances
What will be an ideal response?