A bond that provides no interest payments but instead is issued at a value that is lower than its face value is called:
a. a no-interest bond.
b. a load-free bond.
c. a no-load bond.
d. a zero-coupon bond.
e. a coupon bond.
d
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Typically, as a firm hires additional workers, the marginal product of labor
a. decreases, and the value of the marginal product of labor decreases. b. stays constant, and the value of the marginal product of labor decreases. c. decreases, and the value of the marginal product of labor stays constant. d. decreases, and the value of the marginal product of labor increases.
In a market system, what provides individuals the information needed to make decisions?
A. insurance B. prices C. patents D. government
Refer to the above figure. As more and more firms are able to and actually do enter the industry, the demand curve of each firm and its marginal revenue curve
A. will become upward sloping. B. will shift inward until the demand curve is tangent to the average total cost curve. C. will become vertical. D. None of these will occur.
Since Social Security is a pay-as-you-go program, the funds for the people retiring today
A. come from import taxes. B. come from foreign sales of gold. C. come from those of us working today and in the future. D. come from the Federal Reserve.