If an Issuer Sells Bonds at a Date Other Than

question 164

Multiple Choice

If an issuer sells bonds at a date other than an interest payment date:

• A)This means the bonds sell at a premium.
• B)This means the bonds sell at a discount.
• C)The issuing company will report a loss on the sale of the bonds.
• D)The issuing company will report a gain on the sale of the bonds.
• E)The buyers normally pay the issuer the purchase price plus any interest accrued since the prior interest payment date.

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Definitions:

Proof of Guilt

The evidence and argument required in a legal proceeding to establish the defendant's guilt beyond a reasonable doubt.

Criminal Law

The branch of law dealing with crimes and their punishment.

Preponderance

The standard of evidence required in most civil cases, whereby the greater weight of the evidence must support the claims of one side over the other.

Roscoe Pound

An influential legal scholar and educator in the early 20th century, known for his contributions to the sociological jurisprudence movement.