A bond that pays no annual interest and is sold at a discount below its par value is called a:?
A. ?mortgage bond.
B. ?callable bond.
C. ?convertible bond.
D. ?putable bond.
E. ?zero coupon bond.
Answer: E
You might also like to view...
A petty cash fund was established with a $250 balance. It currently has cash of $38 and petty cash tickets totaling $212 for travel expense. Prepare the journal entry to record the replenishment of the fund. Omit explanation.
What will be an ideal response?
A severe recession is a depression, a period in which prices fall but there is little demand because few people have money to spend and many are out of work. This condition is part of ________
A) the competitive environment B) the business cycle C) the technological environment D) the legal environment E) social norms
Bordow and More (1991) identify four key functions of communication processes. Communication that establishes the efficiencies for social interaction is referred to as its ________________.
a. Informative function b. Systemic Function c. Literal function d. Figurative function
As it pertains to consideration, which of the following constitutes value?
A. an illusory promise B. a preexisting duty C. a forbearance D. All of these are correct.