Money Only Makes You Happy If

question 17

Multiple Choice

Money only makes you happy if

• A)you have more than everyone else in your social group.
• B)you use it to do good and are responsible with it.
• C)you have enough to survive.
• D)All of the options are correct.

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Definitions:

Yield To Maturity

The expected complete return on a bond when retained through its entire lifespan.

Bond Rating

An assessment of the credit quality of a bond, typically issued by a rating agency, which indicates the likelihood of the bond issuer defaulting.

Current Yield

The annual income (interest or dividends) divided by the current price of the security, often used in context with bonds.

Coupon Rate

The interest rate paid yearly on a bond, represented as a percentage of its par value.