If Bonds Are Issued at 101

question 63

Multiple Choice

If bonds are issued at 101.25, this means that:

• A) a $1,000 bond sold for $101.25.
• B) the bonds sold at a discount.
• C) a $1,000 bond sold for $1,012.50.
• D) the bond rate of interest is 10.125% of the market rate of interest.

---

Definitions:

Radar Images

Images created using radio waves to map surfaces, contours, and features of objects, including weather patterns and geographical formations.

Heavily Cratered

Describes a surface, usually of a planet or moon, that has a large number of impact craters due to collisions with meteoroids, asteroids, or comets.

Little to No Atmosphere

Describes celestial bodies or locations that lack a significant atmospheric layer or have a very thin one.

Lunar Highlands

High elevations on the Moon that contain a light-colored, heavily cratered material; syn. cratered highlands.