The Present Value of a Bond Is Always Less Than

question 201

True/False

The present value of a bond is always less than the face value of the bond.

---

Definitions:

Utilitarianism

A theory in ethics and philosophy that evaluates actions based on their outcomes, aiming for the greatest happiness for the greatest number.

Philanthropic Activity

Actions taken by individuals or organizations to promote the welfare of others, typically in the form of charitable donations or other forms of aid.

Social Responsibility Pyramid

A model that outlines the various levels of responsibilities businesses have towards society, including economic, legal, ethical, and philanthropic responsibilities.

Legal Obligations

The responsibilities or duties that are enforced by law upon individuals or organizations.