A Bond Is a ________ Instrument by Which a Borrower

question 79

Multiple Choice

A bond is a ________ instrument by which a borrower of funds agrees to pay back the funds with interest on specific dates in the future.

• A)long-term equity
• B)long-term debt
• C)short-term debt
• D)short-term equity

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Definitions:

Sample Variance

A measure of variation or dispersion of a set of sample values, calculated as the average of the squared differences from the Sample Mean.

Variance

A statistical measure of dispersion, indicating how spread out the values of a dataset are.

Symbol

A mark or character used as a conventional representation of an object, function, or process.

Numerator

The top number in a fraction, indicating how many parts of a whole are being considered.