A University Issues a Bond with a Face Value of $10,000

question 8

Multiple Choice

A university issues a bond with a face value of $10,000 and a coupon rate of 5.65% that matures on 07/15/2015.The holder of such a bond receives coupon payments of $282.50.How frequently are coupon payments made in this case?

• A)monthly
• B)quarterly
• C)semiannually
• D)annually

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Definitions:

Inference Forms

Patterns or templates of reasoning that show the logical connection between premises and conclusion.

MP

An abbreviation that could refer to Modus Ponens, a logical form where from premises of the form "If P, then Q" and "P", it's concluded that "Q".

MT

Another term for Modus Tollens, it is the form of logical argument implying the inverse of a conclusion based on the negation of its consequence.

HS

An abbreviation often referring to Hypothetical Syllogism, a logical argument form using two conditional statements to deduce a conclusion.