How much is a bond worth if it pays $20 in coupon payments at the end of each year for 4 years and $1,000 at the end of the fourth year, if the interest rate is 5%?
A) $822.70 B) $893.62 C) $1,070.92 D) $1,080
B
Economics
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What is the motivating force behind the free market?
a) competition b) the invisible hand c) self-interest d) Specialization
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Credit cards are not a form of money because
A) money needs to be tangible (not virtual). B) credit cards just extend a loan. C) credit cards just relate to an account. D) credit card balances are in fact counted as money.
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