In a Suit Against Evan,Floyd Obtains an Injunction

question 32

Multiple Choice

In a suit against Evan,Floyd obtains an injunction.This is

• A)an order to do or to refrain from doing a particular act.
• B)an order to perform what was promised.
• C)a payment of money or property as compensation.
• D)the cancellation of a contract.

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Definitions:

Quoted

Refers to stating the current price of a stock, bond, commodity, or any financial instrument, or the most recent bid and ask prices available.

Yield To Maturity

The cumulative earnings forecasted from a bond assuming it is kept until its expiration date.

Annual Coupon

The yearly interest payment made to bondholders, generally expressed as a percentage of the bond's face value.

Face Value

The face value or the amount in dollars shown on a bond, note, or any financial instrument, representing its value upon reaching maturity.