Multiple Choice
Use the following to answer questions .
Exhibit: The Bond Market
-(Exhibit: The Bond Market) Given a face value of $1,000, a price of $900, and quantity of Q1, the interest rate on the bond is
A) 1.11%.
B) 10.0%.
C) 11.1%.
D) 17.6%.
Correct Answer:

Verified
Correct Answer:
Verified
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