To select a ____ in the table in the accompanying figure, point to its left edge and click when the mouse pointer changes to a small solid upward angled pointing arrow.
Definitions:
Contract Rate
The agreed-upon interest rate specified in a contractual agreement, such as a loan or bond.
Bond
An interest-bearing note payable usually in $1,000 denominations issued by a corporation to a large group of lenders.
Annual Interest Rate
The percentage of interest that will be charged or earned on a principal amount over the course of a year.
Face Value
The nominal value or dollar value printed on a security or a financial instrument, such as a bond or a stock certificate.
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