Responsibility is a part of the trust that a manager accepts to accomplish the larger organizational purpose

Which of the following statements is FALSE?

A) Global bonds combine the features of domestic, foreign, and Eurobonds, and are offered for sale in several different markets simultaneously. B) In a leveraged buyout (LBO), a group of private investors purchases all the equity of a public corporation. C) A term loan is a bank loan that lasts for a specific term. D) Eurobonds are international bonds that are denominated in European currency.

You are the investment manager for a local government. Exactly 4 years ago you invested some of the government's money in the bond market by purchasing a 20-year semiannual term bond with a face value of $10,000

At the time of purchase, the bond had a coupon rate of 4.5%. The current market rate for similar bonds is 3.9%, so you decide to sell the bond and immediately invest the money in a new investment account that offers a 5.1% interest rate, compounded monthly. How much will the government's investment account be worth 10 years from today?