The coupon rate is the:
A. regular payment of interest to a bondholder.
B. interest rate promised when a bond is issued.
C. maximum interest rate that can be paid on a bond.
D. amount originally lent.
Answer: B
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Suppose that when the price of oranges decreases, Sarita decreases her purchases of peaches. To Sarita
A) oranges and peaches are normal goods. B) oranges and peaches are substitutes. C) oranges and peaches are complements. D) oranges and peaches are inferior goods.
During an economic expansion as consumer incomes rise, holding everything else constant
A) the demand for most goods, except luxuries, will rise. B) the prices of luxuries will fall while the prices of inferior goods will rise. C) the demand for luxuries and inferior goods will rise. D) the demand for luxuries will rise while the demand for inferior goods will fall.
According to the above table, the four-firm concentration ratio of this industry is
A) 69.2 percent. B) 35.1 percent. C) 66.7 percent. D) 67.5 percent.
A supply curve that is parallel to the price axis is
A) perfectly elastic. B) perfectly inelastic. C) relatively inelastic. D) unitary elastic.