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:

Dissimilar Jobs

Positions or tasks that are distinctly different in nature, requiring unique skills and capabilities.

Overall Value

The combined qualitative and quantitative importance, worth, or usefulness of something, taking into account all its attributes and aspects.

Job-Based Pay System

A compensation strategy where pay is based on the job itself, rather than the skills or performance of the individual holding the job.

Pay Increases

Adjustments made to employees' salaries to reflect changes in performance, inflation, or market rates.