When a Bond Has a Par or Face Value of $1,000

question 30

True/False

When a bond has a par or face value of $1,000 and a 6 percent coupon rate,the semi-annual payment would be $60.

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Definitions:

Payroll Taxes

Payroll Taxes are taxes imposed on employers or employees, and are usually calculated as a percentage of the salaries that employers pay their staff.

Local Finance

Financial activities, policies, and management practices that pertain to local government units, including budgeting, revenue collection, and expenditure.

Property Taxes

Taxes levied by local governments on the assessed value of real estate properties, used primarily to fund public services such as schools, roads, and emergency services.

Education

The process of facilitating learning, acquiring knowledge, skills, values, beliefs, and habits through various methods.