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Jane Owes Bob $500

question 120

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Jane owes Bob $500.Bob requests that Jane sign a document,so Jane signs the following document: "I owe Bob $500 and will pay on 8/8/12.(Signed) Jane." This document is:


Definitions:

Coupon Rates

The interest rate on a bond, determining the periodic interest payment to the bondholder.

Market Rates

are the prevailing interest rates or prices for services, securities, or commodities in the open market.

Premium

The amount paid for an insurance policy or the amount by which a bond or stock sells above its face value.

Par

Par value, often referred to simply as "par," is the face value of a bond or the stock value stated in the corporate charter, not necessarily its market value.

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