A Great Circle Route Is Always the Shortest Distance Between

question 100

True/False

A great circle route is always the shortest distance between two points on the surface of the Earth.

---

Definitions:

Strip Bond

A bond that has had its coupon payments and principal repayment detached and sold separately as zero-coupon bonds.

Compounded Semiannually

A calculation method where interest is applied to the principal plus previously accumulated interest twice per year.

Face Value

The nominal or dollar value printed on a financial instrument such as a bond or stock certificate, representing the value the issuer promises to pay at maturity.

Investment Yield

The earnings generated and realized on an investment over a particular period of time, expressed as a percentage of the investment's cost.