Multiple Choice
Suppose Matt's New Cars issues a bond in which they'll need to pay $10,000 in one year,which includes 4% interest.How much will they receive for the bond?
A) $9,600
B) $9,615
C) $10,000
D) $10,400
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q3: As the housing bubble began to burst
Q4: A corporation issues a three-year bond with
Q5: Which of the following will result in
Q5: A discount bond resembles a simple loan
Q6: The yield to maturity is equal to<br>A)
Q7: Which of the following types of mortgage
Q9: If an investor is certain that market
Q11: Which of the following is NOT true
Q50: If, while you are holding a coupon
Q81: A debt instrument represents<br>A)an ownership claim by