A Bond with a Par Value of $1,000 Trading at 101½

question 186

True/False

A bond with a par value of $1,000 trading at 101½ sells for a premium.

---

Definitions:

Diffusion of Responsibility

A sociopsychological phenomenon whereby a person is less likely to take responsibility for action or inaction when others are present.

Acculturation

The process by which members of minority groups come to identify with and feel part of the mainstream culture.

Social Distance

The perceived or desired degree of remoteness between members of different social groups, which can affect communication and interaction.

Behavioral Expression

The outward manifestation of emotions, thoughts, or feelings through actions or behaviors.