When the Market Rate of Interest on Bonds Is Higher

question 55

Multiple Choice

When the market rate of interest on bonds is higher than the contract rate, the bonds will sell at

• A) a premium
• B) their face value
• C) their maturity value
• D) a discount

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Definitions:

Immediate Instructions

Immediate instructions are commands executed directly and instantly within a control program, often affecting control logic or operations without delay.

Scan Time

The time it takes for a programmable logic controller (PLC) to read inputs, execute its program, and update outputs.