A newly issued bond with a face value of $12,000 and no coupon payments is priced at $9,000 . The bond will mature in one year. What is the yield on this bond?

a. 33.3 percent
b. 25 percent
c. $3,000
d. $1,909.09
e. It depends on the interest rate


A

Economics

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Which of the following does not meet the economic definition of saving?

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When two or more divisions mark up prices in excess of marginal cost:

A. double marginalization occurs. B. second-degree price discrimination occurs. C. two-part pricing occurs. D. None of the answers are correct.

Economics

The higher is the current level of saving:

A) the higher is the current level of investment and lower the future level of consumption. B)the lower is the current level of investment and lower the future level of consumption. C) the lower is the current level of investment and higher the future level of consumption. D) the higher is the current level of investment and higher the future level of consumption

Economics