The Face Amount of a Bond Is ____

question 9

Multiple Choice

The face amount of a bond is ____.

• A) its interest rate
• B) the amount a bond holder will receive in payment
• C) the par value
• D) its permanent resale value

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Definitions:

Price

Price is the amount of money charged for a product or service, or the sum of values that consumers exchange for the benefits of having or using the product or service.

Break-even Point

The level of production or sales at which total costs match total revenue, resulting in no profit or loss.

Fixed Cost

Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.

Unit Price

The cost of a single unit of a product, allowing consumers to compare the prices of items sold in different sizes or quantities.