Which of the Following Does Not Apply to Promissory Notes

question 9

Multiple Choice

Which of the following does not apply to promissory notes?

• A)They are issued at a discount to face value.
• B)They represent a written promise to pay a specified amount of cash to the bearer on an agreed future date.
• C)They are secured.
• D)They are zero- coupon securities.

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Definitions:

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