Category III Codes Are

question 36

Multiple Choice

Category III codes are:

• A) four numbers followed by the letter T.
• B) four numbers followed by the letter F.
• C) five numbers with no punctuation.
• D) one number and one letter.

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Definitions:

Coupon Bond

A type of bond that pays the holder periodic interest payments based on a fixed rate and returns the principal at maturity.

Face Value

The nominal value or dollar value printed on a bond, stock, or other financial instrument, not necessarily its current market value.

Bond Matures

The point in time when a bond's principal amount is payable to the bondholder, and the obligation of the issuing party ends.

Current Market Value

The present financial value of an asset or company based on its trading price in the market, subject to fluctuations.