The Market Price of Outstanding Issues Often Varies from Par

question 5

Multiple Choice

The market price of outstanding issues often varies from par because

• A) the maturity date has changed.
• B) the coupon rate has changed.
• C) the market rate of interest has changed.
• D) old bonds sell for less than new bonds.

---

Definitions:

Culture

The sum of attitudes, customs, values, and beliefs that distinguishes one group of people from another and is transmitted from generation to generation.

Community's Assumptions

The common beliefs or expectations that members of a community hold about how things work or should work.

Norms

Shared standards or expectations that regulate behavior within a group or society.

Values

Core beliefs or principles that guide behavior and decision-making processes.