Which of the following statements is true if a bond is issued for an amount equal to its face value?

A) The bond's stated interest rate is less than the prevailing market interest rate at time of sale.
B) The bond's stated interest rate is the same as the prevailing market interest rate at time of sale.
C) The bond's stated interest rate is more than the prevailing market interest rate at time of sale.
D) The bond is not secured by specific assets of the issuer.


B

Business

You might also like to view...

Self-improvement is a goal to attain

Indicate whether the statement is true or false

Business

You should create a multimedia slide for all of the following reasons except to A) ?illustrate and simplify complex ideas

B) ?provide a transition from one major point to the next. C) ?demonstrate your use of technology. D) ?introduce or review your key points.

Business

Children often achieve ____ by observing parents and older siblings in purchase situations and then through their own purchase experiences.

A. consumer socialization B. personality C. role identification D. social class E. attitude formation

Business

Lyra induces Moe to enter into a contract for the sale of an apartment about which Lyra fraudulently misrepresents a number of material facts. Lyra tells Moe that her commission is 6 percent, but their signed, written contract states "12 percent." The Statute of Frauds governs

A. contracts that are induced by fraud. B. contracts that must be in writing to be enforceable. C. the admissibility in court of oral evidence. D. the reformation of oral and written statements into one contract.

Business