Figure 15-2 -Intermediaries Perform Three Basic Functions.In Figure 15-2 Above,C Represents A(n)

question 147

Multiple Choice

Figure 15-2

-Intermediaries perform three basic functions.In Figure 15-2 above,C represents a(n)

• A)middleman function.
• B)logistical function.
• C)facilitating function.
• D)operational function.
• E)transactional function.

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Definitions:

Yield To Maturity

The total return anticipated on a bond if held until its maturity date, taking into account its current market price, par value, coupon interest rate, and time to maturity.

Coupon Bond

A type of bond that pays the holder interest payments at fixed intervals until maturity, when the principal is repaid.

Yield To Maturity

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