The Nomination Campaign Is a State-By-State Process Over Several Months

question 10

Multiple Choice

The nomination campaign is a state-by-state process over several months. What is the primary goal of the candidate during this part of the campaign?

• A) to raise more money than all other candidates running of the party's nomination
• B) to secure the most television interviews
• C) to complete the process with the most delegates committed to support his or her campaign at the national convention
• D) to win the general election in November
• E) to garner support of each state's congressional delegation

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Definitions:

Coupon Rate

The annual interest rate paid by a bond issuer to the bondholder, usually expressed as a percentage of the bond's face value.

Duration

A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates, often expressed in years.

Perpetuities

A type of annuity that receives an infinite series of identical cash flows with no end.

Deep Discount Bonds

Bonds that are issued at a significantly lower price than their par value, often with higher yields to compensate for the risk.