The face value of a bond is:
a. the amount of the coupon that is paid at equal intervals.
b. the amount repaid to the lender on maturity.
c. the percentage of company profits that is paid to the borrower.
d. equivalent to the capital gain.
e. equivalent to economic profit.
b
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Suppose your bank pays you 5 percent interest per year on your savings account. If prices increase by 5 percent per year over that time, approximately how much real value do you gain by keeping $100 in the bank for a year?
A) $0 B) $1 C) $3 D) $6
When Jimmy is shopping for fire insurance for his condo, he finds that the insurance companies all require smoke detectors be installed before they will issue a policy. This is a way for the insurance companies to help reduce the problem of ________
Fill in the blank(s) with correct word