When Concert Promoters Tried to Emulate the Spirit of Woodstock

question 36

Multiple Choice

When concert promoters tried to emulate the spirit of Woodstock at the Altamont Speedway Free Festival near San Francisco in 1969, which of the following occurred?

• A) Hells Angels killed a man in front of the stage.
• B) The Beatles gave their last performance.
• C) The hippies established themselves as an official political group.
• D) A huge crowd enjoyed three days of "peace and music."
• E) Nixon announced his run for a second presidential term.

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Definitions:

Convertible Bonds

Convertible Bonds are a type of corporate bond that holders can convert into a predetermined number of shares of the issuing company's common stock.

Common Stock

A type of equity security that represents ownership in a corporation, with voting rights and potential dividends.

Face Value

The nominal or dollar value printed on a bond, bill, or other financial instrument, indicating its worth at maturity.

Premium

Fee for insurance coverage, usually paid every year by the insured person. The difference between a bond’s par value and its market value when the market value is more. When bonds are sold at a premium, the yield rate will be lower than the stated (face) rate.