When the Contract Rate on a Bond Issue Is Less

question 131

True/False

When the contract rate on a bond issue is less than the market rate,the bonds sell at a premium.

---

Definitions:

Intermarriage

The marriage between people of different racial, ethnic, religious, or social backgrounds.

State Legislatures

The legislative bodies in each of the states in the United States, responsible for making state laws.

Irrigated Agricultural Acreage

Land area specifically dedicated to agriculture that receives water through artificial means, such as canals, ditches, or sprinklers, to support crop production.

Water Divisions

The categorization or partitioning of water resources into manageable sections or jurisdictions for the purposes of administration, usage, and conservation.