Divide

question 87

Multiple Choice

Divide:

---

Definitions:

Issued at Discount

When a bond or other security is sold for less than its face value.

Semiannually

Referring to an event or action that takes place twice every year, often at six-month intervals.

Par

The face value of a bond or stock as stated by the issuing company, which may differ from its market value.

Face Value

The nominal value printed on a financial instrument, such as a bond or a stock certificate.