A $10,000 8 percent coupon bond that sells for $10,000 has a yield to maturity of
A) 8 percent.
B) 10 percent.
C) 12 percent.
D) 14 percent.
A
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If the numerical value of the price elasticity of demand is 3, then a one-percent change in price will cause a(n)
a. larger percentage change in quantity demanded, so demand is elastic b. larger percentage change in quantity demanded, so demand is inelastic c. smaller percentage change in quantity demanded, so demand is elastic d. smaller percentage change in quantity demanded, so demand is inelastic e. equal percentage change in quantity demand, so demand is unitary elastic
Suppose that changes in aggregate demand tended to be infrequent and that it takes a long time for the economy to return to long-run output. How would this affect the arguments of those who oppose using policy to stabilize output?
Economic stagnation coupled with high inflation is commonly called:
A. stagflation. B. inflationary stagnation. C. stagnatory growth. D. inflagnation.
Each of the following statements is true except
A. Most of the world's largest corporate mergers took place between American firms. B. There have been more large mergers in the U.S. in the communications industry than in any other industry. C. The corporate scandals in recent years were all caused by no more than half a dozen crooks. D. The most important piece of antitrust legislation is the Sherman Antitrust Act.