QUESTION 20 A bond is issued at a discount when a bond's stated interest rate is A) equal to the market interest rate B) more than the effective interest rate OC) less than the market interest rate D) more than the market interest rate QUESTION 21 A security is a A) regulation dealing with the transactions of investments B) system aimed at protecting the interests of the market participants o share or interest representing financial value D) process related to the valuation of a financial instrument QUESTION 22 A debt security A) represents a credit relationship with another company or governmental entity, and typically pays interest for a fixed period By represents stock ownership in another company and sometimes pays dividends o is a standardized contract between two parties to buy or sell an underlying security at a predetermined price on a specific date D) is a cash market transaction in which the ownership of the underlying asset is deferred until a specific date