If Bonds with a Face Value of $100,000 Are Sold

question 49

Multiple Choice

If bonds with a face value of $100,000 are sold at 88,the amount of cash proceeds is:

• A) $108,800.
• B) $100,000.
• C) $88,000.
• D) $99,912.

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Definitions:

Industrial Age

A period of history marked by major industrialization that transformed economies from being primarily based on agriculture and handicrafts to being based on manufacturing and machinery.

Conglomerate Mergers

The combination of companies operating in unrelated industries into a single corporate structure.

Deregulation

The act of decreasing or completely removing governmental influence in a specific sector, typically implemented to foster increased competition in that sector.

Corporate Bigness

Refers to the size, market share, and influence of large corporations in an economy.