If Bonds with a Face Value of $200,000 Are Sold

question 112

Multiple Choice

If bonds with a face value of $200,000 are sold at 98, the amount of cash proceeds is:

• A)$202,000.
• B)$200,000.
• C)$196,000.
• D)$192,157.

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Definitions:

Disabled Employee

An employee who has a physical or mental impairment that substantially limits one or more major life activities.

Minimum Period

The shortest allowable or required duration for a particular action, event, or condition to take place or remain in effect.

Consolidated Omnibus Budget Reconciliation Act

A federal law providing individuals and their families the option to continue health care coverage under their group health plan in certain instances where coverage would otherwise end.

Social Security Act

A law enacted in 1935 to create a system of transfer payments in which younger, working people support older, retired people.