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NEW QUESTION: 1
A. Option B
B. Option A
C. Option C
D. Option D
Answer: B
NEW QUESTION: 2
Correct statements regarding CEPHALOSPORINS include:
I- Bactericidal antimicrobial
II- Derivated from natural source: Cephalosporium acremonium
III- Broad-spectrum agent
A. I and II only
B. III only
C. I only
D. All are correct
E. II and III only
Answer: E
NEW QUESTION: 3
The yield offered by a bond with 18 months remaining to maturity is 5%. The coupon is 3%, paid semi-annually, and there are two more coupon payments to go in addition to the interest payment made at maturity. What is the bond's price?
A. $100
B. $99.07
C. $102.91
D. $97.14
Answer: D
Explanation:
Explanation
This is a straightforward bond valuation problem where all variables required are known. The coupon payments will be $1.50 in 6 months and 1 year from now, and a final paymento of $101.50 will be received in an year's time. This can be discounted at the yield provided as follows, and summed together to get the bond price.