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:

Jobs

Refers to the roles or positions that individuals hold in an organization, involving specific responsibilities and tasks.

Impersonal

Lacking warmth or personality; not influenced by, showing, or involving personal feelings.

Group Values

Shared beliefs or standards that guide the behaviors and decisions of a collective or group.

Outnumbered

Being in a situation where one group or individual is significantly less in number compared to another group or individuals.