Suppose a State of New York bond will pay $1,000 ten years from now. If the going interest rate on these 10-year bonds is 5.0%, how much is the bond worth today?
A. $613.91
B. $564.80
C. $736.70
D. $466.57
E. $724.42
Answer: A
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Ramona has received a discharge in bankruptcy, but wants to reaffirm a debt to her sister. To be valid, the reaffirmation
a. will be scrutinized by the court to make sure her sister has not unfairly pressured Ramona. b. will be automatically disallowed because allowing Ramona to promise to pay a discharged debt would be contrary to the goals of the bankruptcy proceedings. c. will be automatically allowed if Ramona voluntarily chooses to make it. d. must clearly disclose that Ramona has the right to rescind at any time since the debt was already discharged.
Literacy studies show that ________ percent of adults worldwide (aged 15 or older) cannot read and write.
A. 38 B. 50 C. 10 D. 16 E. 60
A major function of investment banking firms is
A) providing loans to investors. B) providing financial planning services to wealthy individuals. C) assisting businesses when they issue stocks and bonds. D) developing investment strategies to neutralize risk.
The bid rate (also called the offer rate) is the number of units of home currency paid to a customer in exchange for their foreign currency
Indicate whether this statement is true or false.