A Prerequisite for the Health Care Reform That Occurred in 2010

question 13

Multiple Choice

A prerequisite for the health care reform that occurred in 2010 was the ____.

• A)election of a Democratic president
• B)election of President Obama
• C)Democrats achieving a majority in the Senate
• D)universal acceptance of the public option

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Definitions:

Coupon Rate

The annual interest rate paid by bond issuers on the bond's face value.

Duration

A financial metric that indicates the sensitivity of a bond's price to changes in interest rates, commonly measured in years.

Par-Value

Par-value is the legal capital per share, established for stocks and bonds, representing a minimal value below which shares cannot be issued.