Which of the Following Statements Is True

question 45

Multiple Choice

Which of the following statements is true?

• A)If a bond is sold "at a discount," the effective interest rate on the bond is lower than the stated interest rate.
• B)Bond price of 98 means that the yield rate is 98% of the stated rate.
• C)If a bond is sold "at a premium," the effective interest rate on the bond is higher than the stated interest rate.
• D)If a bond is sold between interest dates, it is necessary to record the interest accrued since the last payment date before sale.

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Definitions:

Sexual Harassment

Unwelcome sexual advances, requests for sexual favors, and other verbal or physical harassment of a sexual nature, typically in the workplace or academic settings.

Title VII

A provision of the Civil Rights Act of 1964 that prohibits employment discrimination based on race, color, religion, sex, or national origin.

Civil Rights Act

The Civil Rights Act is a landmark piece of legislation in the United States that outlaws discrimination based on race, color, religion, sex, or national origin.

Quid Pro Quo

A Latin phrase meaning "something for something," indicating an exchange of goods or services, where one transfer is contingent upon the other.