A one-year discount bond with a face value of $1000 that is currently selling for $900 has an interest rate of
A) 5.26%.
B) 10%.
C) 11.1%.
D) 100%.
C
You might also like to view...
The economy pictured in the figure below has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; B B. recessionary; C C. recessionary; A D. expansionary; A
Which of the following "shareholder rights" plan when implemented provides all shareholders other than outsiders the right to purchase additional shares at a discount?
a. A flip-in poison pill b. A "crown jewels" defense c. A "white knight" bid d. A de-conglomeration
In economics, the term that refers to the time, effort, and other resources needed to search out, negotiate, and consummate an exchange is
a. transaction costs. b. specialization costs. c. pecuniary costs. d. comparative costs.
Many U.S. business leaders argue that the current state of U.S. net exports is the result of
a. U.S. export subsidies. b. free trade policies of foreign governments. c. unproductive U.S. workers. d. unfair foreign competition.