Jessica paid $5,300 for a bond with a face value of $5,000. She will be paid $300 annually as long as she holds on to the bond, until the bond's maturity date. The coupon rate of the bond is
A. 6.0 percent.
B. 5.7 percent.
C. 13.0 percent.
D. 9.2 percent.
Answer: A
Economics
You might also like to view...
The reduction of the inflation rate is called
A) deflation. B) disinflation. C) unflation. D) reflation.
Economics
According to the Solow model, which type of government spending is more likely to raise the long-term growth rate of output per person, spending on infrastructure or spending on research and development?
What will be an ideal response?
Economics