If a Bond Has a Face Interest Rate of 6

question 108

True/False

If a bond has a face interest rate of 6 percent, a face value of $20,000, and pays interest semiannually, each interest payment will amount to $1,200.

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Definitions:

Early Supporters

Individuals or groups that first back or endorse a new idea, project, or innovation.

Evolution

The process through which populations of organisms change over generations, driven by mechanisms such as natural selection and genetic drift.

Chordate

A member of a diverse phylum of animals that includes the vertebrates, lancelets, and tunicates. As embryos, chordates all have a notochord (a hollow nerve cord), pharyngeal gill slits, and a post-anal tail. Many present-day chordates lose or modify these structures as they develop into adults.