The Public Company Accounting Oversight Board (PCAOB)was Created by the

question 78

Multiple Choice

The Public Company Accounting Oversight Board (PCAOB) was created by the

• A) Sarbanes-Oxley Act.
• B) American Institute of Certified Public Accountants (AICPA).
• C) Financial Accounting Standards Board (FASB).
• D) International Accounting Standard Board (IASB).

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Definitions:

Market Yield

The annual income return as a percentage of the market price of an investment.

Zero-Coupon Bond

A type of bond that does not pay interest during its life but is sold at a deep discount, providing profit at maturity when it is redeemed for its face value.

Matures

The point at which a financial instrument, such as a bond or loan, reaches its due date and the principal is to be paid back.

Yield-To-Maturity

The total return anticipated on a bond if the bond is held until its maturity date, considering all interest payments and the principal repayment.