OPEC Is

question 192

Multiple Choice

OPEC is:

• A) the Organization of Petroleum Exporting Countries.
• B) an international cartel made up of oil-producing countries.
• C) the cartel that was responsible for the large increases in crude oil prices in the 1970s.
• D) described by all of these answer choices.

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Definitions:

Conversion Ratio

The specific quantity of common shares an investor can receive for converting each unit of a convertible security, such as a convertible bond or preferred stock.

Par Value

The face value of a bond or stock, typically the amount that is paid back at maturity for bonds or a nominal dollar value assigned to shares of stock.

Coupon Bond

A type of bond that offers interest payments to the holder at specified intervals until the bond's maturity.

Accrued Interest

The interest that has accumulated on a bond or other fixed-income security since the last interest payment was made.