An Axillary Temperature Is Usually Considered

question 26

Multiple Choice

An axillary temperature is usually considered:

• A) 1 degree above normal
• B) 5 degrees above normal
• C) 1 degree below normal
• D) 5 degrees below normal

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Definitions:

Original Issue Discount

The difference between the face value of a bond and its offering price when the bond is issued at a lower price.

Semiannual Coupon

A fixed income security feature that represents the payment of interest to bondholders twice a year.

Par Value

The nominal or face value assigned to a security by the issuer, which may differ from its market value.

Semiannual Coupon

A bond or other fixed-income security that pays interest to the holder every six months.