Although wages, incomes, and interest rates are most often discussed in nominal terms, what matters most are their real values

Refer to Figure 10.1. If two lights are installed, the people who were responsible for the light being installed each receive a payoff of

A) 2. B) 4. C) 6. D) 8.

The ________ is the final amount that will be paid to the holder of a coupon bond

A) discount value B) coupon value C) face value D) present value