An Abstract Class Is Not Instantiated, but Serves as a Superclass

question 13

True/False

An abstract class is not instantiated, but serves as a superclass for other classes.

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Definitions:

Current Yield

The annual income (interest or dividends) divided by the current price of the security.

Semiannually

Occurring twice a year; typically every six months.

Subordinated Debt

A class of debt that is ranked below other debts with regard to claims on assets or earnings in the event of a liquidation of the issuer.

Payment Of Principal

The act of paying back the original amount borrowed in a loan, separate from interest payments.