In which of the following situations will the book value of a bond be equal to its maturity value?
A) The effective rate exceeds the stated rate.
B) The nominal rate exceeds the yield rate.
C) The market rate equals the contract rate.
D) The effective rate equals the yield rate.
C
Business
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Choosing the right distribution channel for a service:
a. decreases the time that the service is available. b. maximizes the time customers wait in a line. c. increases the costs of providing the service. d. adds to customer convenience.
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The Bank of North America:
a. was the first incorporated bank in the United States b. was patterned after the Central Bank of England c. was established to assist in financing the Civil War d. all the above e. none of the above
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