If Mike buys a bond today for $400 that pays him $500 in one year, what is the implied interest rate?
a. 80 percent.
b. 125 percent.
c. 20 percent.
d. 25 percent.
e. 22 percent.
D
Economics
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Which of the following is an example of a good produced under monopoly?
A) CDs B) Books C) Aerated drinks D) Patented software
Economics
When the LM curve is vertically sloped, the __________ in income due to a change in the money supply will be __________ when the LM curve is positively sloped, but not vertical
A) decrease; greater B) decrease; smaller C) increase; greater D) increase; smaller
Economics