What is the term that describes the value today of a cash flow or series of cash flows to be received or paid in the future?

The Cougar Corporation has issued 20-year semiannual coupon bonds with a face value of $1,000. If the annual coupon rate is 10% and the current yield to maturity is 12%, what is the firm's current price per bond?

A) $850.61 B) $849.54 C) $1,170.27 D) $1,171.59

Which of the following provisions does the Gramm-Leach-Bliley Act make?

A) limiting the disclosure of personally identifiable information that is maintained by state departments of motor vehicles B) stipulating how financial institutions are required to protect the privacy of consumers' financial information and notify them of their privacy policies C) prohibiting businesses from sending misleading or deceptive commercial emails but denying recipients any legal recourse on their own D) establishing provisions to protect the privacy and security of individually identifiable health information