Examlex
Which of the following statements is correct?
Face Value
The dollar amount written on a note; it is the same as the amount borrowed, or the principal. With regard to corporate and government bonds, the amount that will be paid to the holder when a bond is redeemed at maturity.
Common Stock
The usual type of stock issued by a corporation, often with different rights compared to preferred stock.
Callable Bond
A type of bond that gives the issuer the right to pay off the debt before its maturity date under certain conditions, often at a defined call price.
Interest Rate
The percentage of a sum of money charged for its use, typically expressed as an annual percentage.
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