When Bonds Are Sold for Less Than the Par Amount

question 111

Multiple Choice

When bonds are sold for less than the par amount, this means that the

• A)maturity value will be less than the par amount.
• B)maturity value will be greater than the par amount.
• C)bonds are sold at a premium.
• D)stated rate of interest is less than the yield rate of interest.

---

Definitions:

Political Party

A political party is an organized group of people with at least roughly similar political aims and opinions, that seeks to influence public policy by getting its candidates elected to public office.

Global Warming

The long-term increase in Earth’s average surface temperature due to human activities, especially the emission of greenhouse gases.

Attitude

A psychological construct, a mental and emotional entity that inheres in, or characterizes a person. They are complex and are an acquired state through experiences.

Special Election

An election scheduled at an irregular time to fill a vacancy or to vote on specific issues or policies, differing from regular or general elections.