Money & Bank MCQ
MB Chapter 4
A credit market instrument that pays the owner a fixed coupon payment every year until the maturity date and then repays the face value is called a
A credit market instrument that pays the owner a fixed coupon payment every year until the maturity date and then repays the face value is called a
A credit market instrument that pays the owner a fixed coupon payment every year until the maturity date and then repays the face value is called a
A) simple loan.
B) fixed-payment loan.
C) coupon bond.
D) discount bond.
Answer: C
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