You friend Michelle is starting a fitness center that specializes in helping people get in shape through exercise and eating healthy.Because her business is new and risky,she is unable to obtain a loan from the local bank.You agree to pay $7,500 for a one-year bond from Michelle with an interest rate of 5%.The par value of the bond is:
A) $7,875.00.
B) $7,500.00.
C) $7,142.86.
D) $7,000.00.
E) $375.00.
Correct Answer:
Verified
Q90: Treasury securities are
A) securities backed by mortgages
Q91: Which bond rating does Standard & Poor's
Q116: If the dollar price of a bond
Q117: In 2012,the Target Corporation had $14.4 billion
Q118: Consider the following scenario when answering the
Q121: An investor wanting a low-risk source of
Q122: Which one of the following is true?
A)
Q123: Which one of the following is a
Q124: Which one of these investments combines the
Q125: Your collection of multiple investments in different
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents