When an investor buys a corporate bond, the face value of the bond is
A) a measure of ownership in the corporation.
B) a loan to the corporation.
C) the coupon rate of the bond.
D) a dividend payment on the bond.
Answer: B
Economics
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If the demand curve for orange juice is expressed as Q = 2000 - 500p, where Q is measured in gallons and p is measured in dollars, then at the price of $3, elasticity equals
A) -0.33. B) -3. C) -9. D) -17.
Economics
Which tool of monetary policy does the Federal Reserve use most often?
a. term auctions b. open-market operations c. changes in reserve requirements d. changes in the discount rate
Economics