The monetary expansion of the mid-1990s was expected to lead to a currency appreciation

A bond pays a coupon (or interest) rate of 5 percent each year for five years, with a future (face) value of $200. If the bond was sold today, what would be the present value of the bond?

A. $200 B. $157 C. $150 D. $145

According to the text, the current trend regarding unions is that

a. they are experiencing a renewed sense of power. b. U.S. membership is generally declining. c. they have lessening significance for the management of multinational corporations. d. they are maintaining an adversarial position to try to hold onto their membership. e. corruption and scandal will continue to taint their existence.