When the Market Rate of Interest on Bonds Is Higher

question 55

Multiple Choice

When the market rate of interest on bonds is higher than the contract rate, the bonds will sell at

• A) a premium
• B) their face value
• C) their maturity value
• D) a discount

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Definitions:

Fasciculus Cuneatus

A bundle of sensory nerve fibers in the dorsal column of the spinal cord that conveys touch and proprioceptive information.

Smooth

Characteristic of muscles that perform involuntary movements, found in the walls of internal organs.

Arms

Upper limbs of the human body, extending from the shoulders to the hands, used for grasping and manipulation.

Ascending Pathway

Neural paths that transmit sensory information from the body to the brain.