Which of the Following Statements Is FALSE

question 41

Multiple Choice

Which of the following statements is FALSE?

• A)Bonds are a securities sold by governments and corporations to raise money from investors today in exchange for promised future payments.
• B)By convention the coupon rate is expressed as an effective annual rate.
• C)Bonds typically make two types of payments to their holders.
• D)The time remaining until the repayment date is known as the term of the bond.

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Definitions:

Defendant

The individual, group, or entity against whom a lawsuit is filed or an accusation is made in a court of law.

Appellate Court

A higher court that reviews the decisions of lower courts to determine if legal errors were made during the trial process.

Modify

Refers to making changes or alterations to something.

Misconduct

involves improper or unlawful behavior, especially by a professional or public official.