Suppose Matt's New Cars issues and sells a one-year discount bond for $9,259 and repays $10,000 at maturity. The interest rate on this bond would be
A) 2.6%.
B) 7.41%.
C) 8%.
D) 10%.
C
Economics
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One result of the minimum wage is
A) a black market for labor that pays more than the minimum wage. B) a black market for labor that pays less than the minimum wage. C) decreased job search activity. D) a decrease in unemployment among poor and unskilled workers. E) an increase in employment among poor and unskilled workers.
Economics
Since 1994, obesity rates in the United States
A) have increased in all 50 states. B) have been on a slow and steady decline. C) have primarily increased in the Southeast and remained constant or slightly decreased in the remainder of the country. D) have remained fairly constant throughout the country.
Economics