When a Bond Is Selling for More Than Its Face

question 66

Multiple Choice

When a bond is selling for more than its face value, it is said to be selling at a:

• A)discount.
• B)premium.
• C)commission.
• D)conservative value.
• E)prospectus value.

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Definitions:

Urban Renewal

A program of land redevelopment in areas of moderate to high density urban land use, focusing on the rehabilitation or replacement of buildings and infrastructure.

Car And Oil Companies

Businesses that manufacture motor vehicles and those involved in the production, refinement, and distribution of oil, respectively.

Businesses

Organizations or entities that engage in commercial, industrial, or professional activities with the aim of generating profits.

Disadvantages

The unfavorable conditions or factors that reduce the chances of success or effectiveness.