For a Court to Determine If a Contract Has Been

question 10

Multiple Choice

For a court to determine if a contract has been breached and to give an appropriate remedy, the offer must include terms that are at least

• A)accurately precise.
• B)reasonably definite.
• C)unequivocally approximate.
• D)vaguely uncertain.

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Definitions:

Coupon Rate

The percent of the face value paid as interest on a bond every year.

Yield To Maturity

Yield to maturity is the total return anticipated on a bond if the bond is held until its maturity date, accounting for its current market price, par value, coupon interest rate, and time to maturity.

Coupon Rate

The coupon rate is the annual interest rate paid on a bond, expressed as a percentage of the face value.

Yield To Maturity

The total return anticipated on a bond if the bond is held until its maturity date, factoring in its current market price, par value, interest payments, and time to maturity.