Neco 2024 Economics Question 20

Practice objective / multiple choice question 20 from the 2024 Neco Economics examination.

Neco 2024 Economics Objective / Multiple Choice Medium Difficulty
Question 20 NECO • 2024 • ECONOMICS • objective

A 5‑year government bond has a face value of ₦1,000,000 and pays an annual coupon of 8 % of the face value. The market yield (effective annual rate) is 6 %. Calculate the current price of the bond (rounded to the nearest naira).

Answer Options

A. 1129884
B. 1147258
Correct Answer C. 1084248
D. 1000000
Correct Answer
C
Correct Option:
1084248

About This Question

This is Neco 2024 Economics Question 20. It is one of the objective questions from the 2024 Neco Economics examination.

Difficulty level: Medium .

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