Travis is buying a car and will next 4 years. His car payments can finance it with a loan which requires monthly payments of $265 for the described by which one of the following terms? Perpetuity Annuity Consol Lump sum Factor Which one of the following is an example of a perpetuity? Trust income of $1, 200 a year forever Retirement pay of $2,200 a month for 20 years Lottery winnings of $1,000 a month for life. A payment of $260 a month for 60 months Apartment rent payment of $800 a month for one year Which one of the following has the highest effective annual rate? 6 percent compounded annually 6 percent compounded semi-annually 6 percent compounded quarterly 6 percent compounded monthly All the other answers have the same effective annual rate. What is the principal amount of a bond that is repaid at the end of the loan term called ? Coupon Market price Accrued price Dirty price Face value On which one of the following dates is the principal amount of a bond repaid? Coupon date Issue date Discount date Maturity date Face date Which one of the following terms refers to a bond's rate of return that is required by the market place? Coupon rate Yield to maturity Dirty yield Call yield Discount rate The written agreement that contains the specific details related to a bond issue is called the bond: indenture. debenture. document. registration statement. issue paper