Which of the Following Statements Applies to a Discount Bond

question 59

Multiple Choice

Which of the following statements applies to a discount bond?

• A) It is a bond offered at a special price for large investors only.
• B) It is a bond with no face value.
• C) It is a bond with no coupon payments.
• D) It is a bond that pays no yield.
• E) It is a bond that never matures.

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Definitions:

Pay Scale

A system that determines the wage or salary based on position, experience, or education level within an organization.

Payroll Register

A document that records details about employees' pay for each pay period, including gross salary, deductions, and net salary.

Federal Income Tax

A tax levied by the IRS on the annual earnings of individuals, corporations, trusts, and other legal entities.

Quarterly Returns

Financial reports generated every three months by companies to provide insights into their financial health, performance, and operational activities.