The contract rate for a bond is:
A) the annual interest rate based on selling price.
B) the annual interest rate based on market value.
C) the annual interest rate based on face value.
D) None of these answers is correct.
Answer: C
Business
You might also like to view...
The long-term effect of exchange rate change is an important consideration in _____ (translation or economic?) exposure.
Fill in the blank(s) with the appropriate word(s).
Business
To simply convey any interest in real estate without an assurance the individual holds that interest conveyed, a(n) __________ is used.
a. grant deed b. abstract of title c. quitclaim deed d. implied covenant
Business