Bert owns a bond that will pay him $45 each year in interest plus $1,000 as a principal payment at maturity. What is the $1,000 called?
A) Coupon
B) Face value
C) Discount
D) Yield
E) Dirty price
Correct Answer:
Verified
Q1: The price sensitivity of a bond increases
Q2: DLQ Inc. bonds mature in 12 years
Q3: The bond market requires a return of
Q4: Round Dot Inns is preparing a bond
Q6: A discount bond's coupon rate is equal
Q7: Which one of the following relationships applies
Q8: A bond's principal is repaid on the
Q9: A newly issued bond has a coupon
Q10: You expect interest rates to decline in
Q11: Which one of these equations applies to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents