If a corporate bond with a face value of 5,000 pays yearly coupon payments of 100, what is the coupon rate?
A) 2 B) 5 C) 10 D) 20
Question 2
From 1950 to 2015 the number of people who lived on farms fell from 23 million to fewer than 3 million? Which of the following factors have contributed to this trend?
A) government policies that have increased the cost of living and working on farms
B) increases in the cost of farming and a desire for young adults to move to urban areas
C) rapid growth in farm production and low income and price elasticities for food products
D) slow growth in agricultural productivity and low income elasticities for food products