If a Security Is Sold at a Lower Yield Than

question 61

Multiple Choice

If a security is sold at a lower yield than that at which it was purchased, the holder:

• A) incurs no capital gain or loss.
• B) makes a capital gain.
• C) makes a capital loss.
• D) It depends on the length of time remaining until maturity.

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Definitions:

Chondrocytes

Cells that are found in cartilage tissue and are responsible for the synthesis and maintenance of the cartilaginous matrix.

Lacunae

Small spaces within bone or cartilage tissue that house cells.

Periosteum

A thick layer of blood vessel-rich connective tissue that covers the bones, excluding the joint surfaces.

Rickets

A disorder mainly seen in children due to vitamin D, calcium, or phosphate deficiency, leading to softening and weakening of the bones.