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

question 37

Multiple Choice

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

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

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Definitions:

Money Income

The total income received in the form of money, including wages, salaries, and investment earnings.

Incidence Of Poverty

The measure of the fraction or percentage of a population that falls below the poverty line, indicating the proportion living in poverty.

Black Families

Households or family units consisting of individuals of Black or African descent, embodying a diverse array of cultural, social, and economic backgrounds.

Female Head

A reference to a household or organization led or managed by a woman.