A bond in finance may be defined as an instrument of the indebtedness of a bond. It is a fixed income instrument that shows a loan by investors. Bonds may be in mutual funds or in private funding.
Here in the question it is given that WSJ is a company and it listed a bond on the market as Acme 9s13.
The price of the bond 89.875
The rate of return rate will be = 10%
So I will buy the bond of WSJ in the year 2001 as it will give a return of $ 931.00
