A bond that pays no annual interest (or coupons) and has a face value at maturity will fetch a price today that is equal to the:
A. Future value of its face value
B. Number of years in the life of the bond times its face value
C. Present value of the number of years in the life of the bond times its face value
D. Present value of its face value
D. Present value of its face value
Economics
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The law of demand asserts that all else equal, if the price of a good ________, the quantity demanded of that good ________
A) stays the same; decreases B) falls; decreases C) rises; stays the same D) falls; increases E) None of the above is correct.
Economics
Refer to Figure 2-8. What is the opportunity cost of 80 dozen orchids?
A) 0 roses B) 2.5 dozen roses C) 40 dozen roses D) 200 dozen roses
Economics