"In Nearly Every Economic Crisis,the Root Cause Is Political,not Economic

question 6

Multiple Choice

"In nearly every economic crisis,the root cause is political,not economic," observed

• A) Abraham Lincoln.
• B) Lee Kuan Yew.
• C) Adam Smith.
• D) Ben Bernake.

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Definitions:

Yield To Call

The rate of return anticipated on a bond if it is held until the call date, considering both the interest payments received and the capital gain or loss upon redemption.

Call Price

The price at which a callable bond or preferred stock can be repurchased by the issuer before its maturity date.

Coupon Bond

A type of bond that offers interest payments through periodic coupon payments to the bondholder and returns the principal at maturity.

Yields To Maturity

The total return anticipated on a bond if held until its maturity date, expressed as an annual rate.