A security sold for less than its stated value is sold on a _____ basis.
A) premium
B) short
C) present value
D) discount
E) par

Name: A security sold for less than its stated value is sold on a _____ basis. A) premium B) short C) present value D) discount E) par
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Question

Quizplus · Accepted Answer

When a security is sold for less than its stated value, it is sold on a discount basis. This means that the investor is purchasing the security at a price lower than its face value or par value.

A Security Sold for Less Than Its Stated Value Is