The Proceeds from the Sale of a Bond Are Equal

question 51

Multiple Choice

The proceeds from the sale of a bond are equal to:

• A)the face value of the bond.
• B)the face value of the bond plus the present value of the interest to be paid.
• C)the maturity value of the bond plus the interest to be paid.
• D)the present value of the principal and interest to be paid.

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Definitions:

Breach

The violation or interruption of a law, obligation, standard, or agreement.

Commercial Building

A structure designed for business activities, which can include offices, retail shops, warehouses, or other premises used for commercial purposes.

Quasi Contract

An obligation imposed by law to prevent unjust enrichment, treating the parties as if a contract exists, even though one does not.

Unjustly Enriched

A legal concept referring to a situation where a person or entity benefits at another’s expense without a legal justification, often leading to restitution.