All of the Following Are Characteristics of a Bond Except

question 114

Multiple Choice

All of the following are characteristics of a bond except

• A)a bond represents a promise to repay a fixed amount of funds.
• B)the face value is repaid when the bond matures.
• C)the coupon payment is the interest payment on the bond.
• D)bonds generally pay dividends each year.

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Definitions:

Selection Committee

A group of individuals tasked with the responsibility of making selections or decisions, often in contexts such as employment, awards, or grants.

Legal Concept

An established principle or proposition that is used in the framework of the law.

Private Inurement

An illegal practice in nonprofit management where the organization's income or assets are used to unduly benefit individuals with a close association with the entity.

Organization's Funds

Financial resources owned or managed by an organization, used to support its operations, programs, and objectives.