​If a Bond Sells for a Discount, Its Price Approaches

question 18

True/False

​If a bond sells for a discount, its price approaches the face value as the bond approaches maturity.

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Definitions:

Liter

A metric unit of volume equal to 1,000 cubic centimeters or approximately 0.26 US gallons.

Cancer

A group of diseases involving abnormal cell growth with the potential to invade or spread to other parts of the body.

Mcg

Microgram, a unit of measure equal to one millionth of a gram or one thousandth of a milligram.

mL

Milliliter, a unit of volume in the metric system equal to one-thousandth of a liter.