The interest payment on a 6% coupon, semi-annual bond is $30 every 6 months
Indicate whether the statement is true or false.
Answer: TRUE
Business
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The bond equivalent yield for a 182-day U.S. Treasury bill that has a price of $9,725 per $10,000 face value is closest to:
A. 5.44%. B. 5.53%. C. 5.67%.
Business
The annual gross premium of a life insurance policy is defined as
A) net premium plus mortality B) interest plus expense less mortality C) mortality costs plus loading D) net premium plus expense"
Business