Six Different High School Students Spent $10, $13, $2, $12

question 139

Multiple Choice

Six different high school students spent $10, $13, $2, $12, $13, and $4, respectively, on entertainment. The mode of this group's entertainment expenditures is

• A) $9.
• B) $11.
• C) $12.
• D) $13.

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Definitions:

Yield to Maturity

The total return anticipated on a bond if it is held until the maturity date, factoring in the current price, par value, coupon yield, and time to maturity.

Coupon Rate

Each year, the interest rate a bond yields, expressed in terms of the percentage of its face value.

Premium

A premium is the amount by which the price of a security or financial instrument exceeds its intrinsic or face value.

Indenture

A legal contract specifying the terms and conditions of a bond or loan, including interest rates, repayment schedule, and other obligations.