Which country would be the least challenging in its ease of doing business according to the World Bank's index?
A. Argentina
B. Egypt
C. Chile
D. Madagascar
Answer: C
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If $500,000 of 10-year bonds, with interest payable semiannually, are sold for $494,040 based on (1 ) the present value of $500,000 due in 20 periods at 5% plus (2 ) the present value of twenty, $25,000 payments at 5%, the nominal or contract rate and the market rate of interest for the bonds are both 10%
Indicate whether the statement is true or false
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