Bonds with a Face Interest Rate Receive Cash Proceeds Equal

Multiple Choice

Bonds with a face interest rate receive cash proceeds equal to the present value of the

A) principal to be paid at the maturity date
B) interest to be paid over the term of the bonds
C) interest to be paid over the term of the bonds plus the present value of the principal to be paid at the maturity date
D) interest to be paid over the term of the bonds minus the present value of the principal to be paid at the maturity date