What is the value of a newly issued 10-year bond with face value of $10,000 and no coupon payments? Assume the interest rate is 7 percent (0.07) per year
a. $0
b. $5,083.49
c. $10,000
d. $95,632.41
e. $100,000.00
B
Economics
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Farm policy in the United States over the past eight decades has been designed primarily to:
A. Shift resources from the farm sector to the nonfarm sector B. Reduce monopoly in the farm sector C. Enhance and stabilize farm prices and income D. Produce a strategic reserve of food
Economics
The central bank of the United States is known as the
A. Internal Revenue Service. B. Federal Reserve System. C. Federal Deposit Insurance Corporation. D. Department of Commerce.
Economics