The Twenty-Fifth Amendment

question 67

Multiple Choice

The Twenty-fifth Amendment

• A) was first used when President Ford appointed Nelson Rockefeller as vice-president.
• B) has never been used.
• C) was a result of the long illness of President Carter.
• D) is only used when the Constitution explicitly says that it is applicable.
• E) was used by President Nixon when he appointed Ford as vice president.

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Definitions:

Coupon Rate

The interest rate stated on a bond, which is the percentage of the bond's face value that is paid out annually as interest to the bondholder.

Yield to Maturity

The total return anticipated on a bond if held until it matures, including all coupon payments and the return of the principal amount.

Coupon Rate

The interest rate stated on a bond when issued, which represents the amount of interest the bondholder receives, typically paid annually or semi-annually.

Coupon Rate

The annual percentage yield of a bond in relation to its face amount.