Which one of the following terms applies to a bond that initially sells at a deep discount and only makes one payment to bondholders?

A. Callable
B. Income
C. Zero coupon
D. Convertible
E. Tax-free

Answer: C. Zero coupon

Business

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The term structured, when discussing structured methodologies, refers to the fact that:

A) the finished software is highly documented. B) the development process is highly documented. C) the techniques are step by step, with each step building on the previous one. D) a defined hierarchy of objects and classes are used to structure the programming. E) programming objects are organized into structured classes.

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Which of the following BEST describes competition?

A) Two or more companies compete with one another for greater federal, state, and local subsidies. B) Two or more companies compete with one another to attract customers and gain an advantage. C) Two or more companies compete with one another to maintain a monopoly. D) Two or more companies compete with one another to influence trade policy. E) Two or more companies compete with one another to limit the variety of goods and services.

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