A bond with a par value of $1,000 is traded at $2,000 . The interest rate offered on the bond is 10 percent per annum. The bond matures after a period of 5 years. The yield from the bond is:
a. 5 percent.
b. 10 percent.
c. 20 percent.
d. 15 percent.
e. 2.5 percent.
a
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Which of the following is not an important objective of development?
a. increases in per capita income b. the expansion of available choices c. increases in individual and national self-esteem d. all of the above are important objectives of development
The regulatory agency with oversight responsibility for the pharmaceutical industry is(are) the:
a. Health Care Financing Administration. b. the National Institutes for Health. c. the Federal Emergency Medical Administration. d. the Centers for Disease Control. e. the Food and Drug Administration
What matters most in determining efficient distribution of production over the world is
A. absolute advantage. B. efficiency. C. the stock of resources. D. comparative advantage.
Refer to the above table. What does the marginal revenue product equal when 28 workers are hired a week?
A. $1040 B. $7.50 C. $210 D. $900