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:

Deliberate Thinking

The process of consciously and intentionally focusing on specific thoughts or problems, often associated with careful decision-making and problem-solving.

Efficiency

The ability to accomplish a task or produce a desired outcome with the least amount of waste, expense, or unnecessary effort.

Information

Data processed or stored by a system, person, or organization that is useful for making decisions or solving problems.

Schema

A cognitive framework or concept that helps organize and interpret information, based on one's accumulated knowledge and experience.