A University Issues a Bond with a Face Value of $5000

question 26

Multiple Choice

A university issues a bond with a face value of $5000 and a coupon rate of 4.41% that matures on July 15, 2018. The holder of such a bond receives coupon payments of $110.25. How frequently are coupon payments made in this case?

• A) monthly
• B) quarterly
• C) semiannually
• D) annually

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Definitions:

Manage

To oversee or control the operation, use, or conduct of something or someone, typically in a professional environment.

Hybrid Boards

Governance structures that combine elements of both nonprofit and for-profit boards of directors, typically found in social enterprises.

Elected Members

Individuals chosen through a voting process to hold a particular office or position, typically within governmental or organizational frameworks.

Appointed Members

Individuals chosen or designated to serve on boards, committees, or other bodies based on specific criteria or qualifications rather than elected by a general vote.