If an Issuer Retires a Debt Issue Before Maturity,the Specific

question 39

Multiple Choice

If an issuer retires a debt issue before maturity,the specific amount paid to do so is called the:

• A)amortized payoff.
• B)call price.
• C)sinking fund amount.
• D)the discount.
• E)par or face amount.

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Definitions:

Extension

A movement increasing the angle between bones or parts of the body, opposite of flexion.

Flexion

The act of bending a joint or limb in the body by the action of flexors.

Supination

The outward roll of the foot during normal motion, or the rotation of the forearm so that the palm faces upwards.

Pronation

The rotational movement of the forearm or foot that turns the palm or sole downward or backward.