If a monopoly situation arises from a perfectly competitive market, the portion of producer surplus that increases in a monopoly is transferred from the perfectly competitive market's

At an interest rate of 5 percent, the present value of $1,000 to be received two years from today is

A) less than $875. B) between $875 and $925. C) between $925 and $975. D) more than $975.

Exhibit 36-1 Bond FaceValueof Bond Price ofthe Bond Annual CouponPayment A $1,000 $850 $25 B $1,000 $950 $41 C $1,000 $1,100 $52 D $1,000 $1,100 $32 E $1,000 $1,000 $50 Refer to Exhibit 36-1. The coupon rate for bond A is

A. 2.5 percent. B. 2.9 percent. C. 7.5 percent. D. 0.025 percent.