Multiple Choice
An investor purchased a 10-year bond that makes a $50 interest payment at the end of every six-month period until the bond matures. These interest payments represent a(an) _____.
A) perpetuity
B) ordinary annuity
C) annuity due
D) compounded annuity
E) discounted annuity
Correct Answer:
Verified
Correct Answer:
Verified
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