A Bond with a Face Value of $1,000 That Sells

question 19

Multiple Choice

A bond with a face value of $1,000 that sells for less than $1,000 in the market is called a ________ bond.

• A)par
• B)discount
• C)premium
• D)zero coupon
• E)floating rate

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Definitions:

Protonephridia

A network of tubules with ciliated structures known as flame cells that function in excretion and osmoregulation in certain invertebrates.

Metanephridia

The excretory organs of annelids and mollusks; each consists of a tubule open at both ends; at one end a ciliated funnel opens into the coelom, and the other end opens to the outside of the body.

Osmoregulation

The process by which living organisms regulate the concentration of water and solutes within their bodies to maintain homeostasis.

False Statement

A claim or assertion that is not in accordance with facts or truth.