A bond's coupon payment divided by the bond's ________ is equal to the bond's current yield.
A) current price B) interest rate C) face value D) principal
Question 2
Which of the following accurately describes an effect of hurricane Katrina on GDP?
A) GDP would increase reflecting the decrease in production that occurred during the storm and the productive capacity lost in the storm.
B) GDP would increase well-being.
C) GDP would increase reflecting the costs of cleanup.
D) GDP would decrease reflecting the costs of cleanup.
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