A person buys a newly issued bond that matures in 6 years with a face value of $1,000 and a coupon rate of 2.5%. How much money will the bondholder receive in the sixth year?
A. $1,025.
B. $1,250.
C. $1,000.
D. $25.
E. $975.
Answer: A
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A. Reserves are equally important in all systems B. A partially-flexible exchange rate system C. A fixed exchange rate system D. A flexible exchange rate system
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A retail sales tax is a proportional tax with respect to income.
Answer the following statement true (T) or false (F)