Zack Owns a Bond That Will Pay Him $35 Each

question 30

Multiple Choice

Zack owns a bond that will pay him $35 each year in interest plus a $1,000 principal payment at maturity.The $1,000 principal payment is called the:

• A) coupon.
• B) par value.
• C) discount.
• D) yield.
• E) call premium.

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Definitions:

Consumerism

The cultural orientation that encourages the acquisition of goods and services in ever-increasing amounts.

Commodification

Commodification is the transformation of goods, services, ideas, or people into commodities or objects of trade, often critiqued for reducing the value of human relationships or cultures to economic transactions.

Constraint

A limitation or restriction on someone’s actions, capabilities, or freedom, often imposed by external factors or conditions.

Postmodernism

An intellectual stance or mode of discourse defined by an attitude of skepticism towards what it describes as the grand narratives and ideologies of modernism, emphasizing plurality, ambiguity, and diversity.