The Recession of 1990-1992 ________ the Trend Set Over 1965-1990

question 68

Multiple Choice

The recession of 1990-1992 ________ the trend set over 1965-1990 of ________ unemployment rates at each successive cyclical trough.

• A)continued,lower
• B)continued,higher
• C)broke,lower
• D)broke,higher

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Definitions:

Yield To Maturity

Yield to maturity is the total return anticipated on a bond if the bond is held until it matures, accounting for its current market price, face value, interest payments, and time to maturity.

Semi-annually

Occurring or calculated twice a year, typically in the context of interest payments or dividends.

Coupon Rate

The yearly interest rate a bond issuer pays to its holders, usually shown as a percent of the bond's nominal value.

Par Value

The nominal or face value of a bond, share of stock, or coupon as stated by the issuer, which is not related to its market value.