A newly issued bond with a face value of $12,000 and no coupon payments is priced at $9,000 . The bond will mature in one year. What is the yield on this bond?
a. 33.3 percent
b. 25 percent
c. $3,000
d. $1,909.09
e. It depends on the interest rate
A
Economics
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When there is a permanent fall in the foreign money supply, the exchange rate:
a. falls in the short run and rises slightly in the long run. b. falls in the short run and falls more in the long run. c. rises in the short run and falls slightly in the long run. d. rises in the short run and rises more in the long run.
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A demand curve that is unit elastic everywhere is
a. linear and slopes downward b. linear and slopes upward c. vertical d. horizontal e. nonlinear
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