A bond with a face value of $10,000 (and no coupon payments) is always worth
a. $10,000
b. less than $10,000 before the maturity date
c. more than $10,000 if the interest rate is high enough
d. $10,000 on the date of purchase
e. $9,090.91 two years before the maturity date
B
Economics
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________ economics prescribes what an individual or society ought to do
A) Normative B) Behavioral C) Positive D) Negative
Economics
You purchased a December corn futures contract on July 1. A month later you decide you would like to take delivery. You do which of the following?
A. You can call up your broker and get almost immediate delivery. B. You will get delivery only if by chance the buyer you bought from decides to deliver. C. You must wait until December 1 and then you can demand delivery. D. None of the above.
Economics