The coupon rate of interest on a bond is always stated as a(n)
A) daily rate.
B) monthly rate.
C) semiannual rate.
D) annual rate.
Answer: D
Business
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Why is a certificate of deposit considered such a safe investment?
(A) It is guaranteed by the federal government. (B) It pays a relatively low rate of interest. (C) It is issued by a savings bank. (D) It cannot be redeemed whenever the investor wants the money.
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The ________ pay value is the centrally located mark between the range minimum and maximum rates
FIll in the blank with correct word.
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