Which of the following statements is false?
A. As the price paid for a bond rises, the yield declines.
B. If you purchase stock from an individual that currently owns the stock, you are buying it in the secondary market.
C. The yield on a bond is another term for the coupon rate on a bond.
D. A rating of Aaa from Moody's is the highest bond rating given by that rating agency.
Answer: C
Economics
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A) falls; rise B) falls; fall C) rises; rise D) rises; fall
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An indirect tax is exemplified by
A) an income tax. B) a sales tax. C) a subsidy. D) None of the above answers is correct.
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