A consol bond is a bond that
A) pays interest annually and its face value at maturity.
B) pays interest in perpetuity and never matures.
C) pays no interest but pays its face value at maturity.
D) rises in value as its yield to maturity rises.
B
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During the month of February, Rubio Services had cash receipts of $9300 and cash disbursements of $12,200. The February 28 cash balance was $5400. What was the February 1 beginning cash balance?
A. $2900. B. $2500. C. $13,300. D. $0. E. $8300.
The responsibility for receiving the proper amount of interest falls on the bondholder most heavily in the case of
A) term bonds. B) serial bonds. C) coupon bonds. D) registered bonds.
The world has essentially become smaller because of
a. improved technology. b. trade agreements. c. better communications systems. d. all of the above.
The consequences of underspending a marketing budget are negligible when compared to those
of exceeding the upper control limit. Indicate whether the statement is true or false