a $5,000 face value bond is quoted at bank discount yield of 2.8 percent. what i
ID: 2704732 • Letter: A
Question
a $5,000 face value bond is quoted at bank discount yield of 2.8 percent. what is the current value of the bond if it matures in 36 days
4972
4978
4982
4986
4991
yesterday, krista stated that overland stock was only worth $12 a share since it was selling for $15 a share, she delcared it overpriced and refuled to buy. this morning, she learned that she is ineriting 3500 shares of overland stock. suddently she is sayin sit is a great buy at $15 and is worth $17. this is an example of
endowment
money illouson
regret aversion
myopic loss aversion
sunk cost fallacy
Explanation / Answer
For your first question
The correct answer is 4986 NOT 4972
Use the Bank Discount Basis formula
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