New business ventures, inc., has an outstanding perpetual bond with a coupon rate of 12 percent that can be called in one year. the bond makes annual coupon payments and has a par value of $1,000. the call premium is set at $120 over par value. there is a 60 percent chance that the interest rate in one year will be 14 percent, and a 40 percent chance that the interest rate will be 9 percent. if the current interest rate is 12 percent, what is the current market price of the bond?

the correct answer option is b. a single paragraph.

explanation:

when you are thinking about paragraph​ topics, you should always choose a subject that can be adequately addressed in a single paragraph.

a paragraph is a piece of writing consisting of a few sentences that deal with a single theme. it has only a single idea that the paragraph revolves around and talks about.

so a paragraph topic must be chosen wisely where a single idea can be communicated in a single paragraph.

lives by a moral and ethical code

riley- $3

sean- $4

jake- $8

riley has the absolute advantage.