Taking an aptitude test and interest inventory would be very helpful for completion of which of these steps?
Develop a plan of action.
Identify the decision to be made.
Gather information and data.
Know yourself.
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Ответ:
$647.96
Explanation:
Sue the following formula to calculate the price of the bond at the time of sale
Price of Bond = Face value of the bond / ( 1 + Market interest rate )^numbers of years
Where
Face value of bond = $1,000
Market interest rate = 7.5%
Numbers of years = 6 years
placing values in the formula
Price of Bond = $1,000 / ( 1 + 7.5% )^6
Price of Bond = $647.96