A discount bond is a bond
A) with no coupon payments.
B) where the price of the bond is greater than its face value.
C) where the interest rate is zero.
D) where the face value is zero.
E) that never matures.
A
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The HPAE have been more open to imports than most developing countries
Indicate whether the statement is true or false
If our government cuts taxes, then we will see
a. an upward movement along the AD curve b. a downward movement along the AD curve c. the AD curve shift to the left d. the AD curve shift to the right e. the AS curve shift to the right
Sam has two jobs, one for the winter and one for the summer. In the winter, he works as a lift attendant at a ski resort where he earns $13 per hour. During the summer, he drives a tour bus around the ski resort, earning $11 per hour. During the winter months, what is Sam's opportunity cost of taking an hour off work to go skiing?
a. $13 b. between $11 and $12 c. $11 d. less than $11
If a firm facing a linear demand curve experiences an increase in total revenue after lowering the price,
A. the initial price was set at a point where the demand is inelastic. B. the initial price was set at a point where the demand is elastic. C. the new price is set where the demand is perfectly elastic. D. the new price is set where the demand is perfectly inelastic.