During Test Standardization, the Average Score Made by the People

question 151

Multiple Choice

During test standardization, the average score made by the people taking the test is referred to as a

• A)norm.
• B)mode.
• C)range.
• D)standard deviation.

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Definitions:

Coupon Rate

The annual interest rate paid by a bond expressed as a percentage of the bond's face value.

Current Yield

A bond’s annual interest payment divided by its market price.

Yield to Maturity

The total return anticipated on a bond if it is held until the end of its lifetime.

Market Interest Rate

The prevailing rate at which borrowers can obtain loans and lenders can offer funds in the financial market.