Money & Bank MCQ
MB Chapter 4
A bond that is bought at a price below its face value and the face value is repaid at a maturity date is called a
A bond that is bought at a price below its face value and the face value is repaid at a maturity date is called a
A bond that is bought at a price below its face value and the face value is repaid at a maturity date is called a
A) simple loan.
B) fixed-payment loan.
C) coupon bond.
D) discount bond.
Answer: D
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