The par value of a bond is the value of that bond at its ...

[809779]

The par value of a bond is the value of that bond at its maturity. It represents what a firm must pay the bondholder when the bond matures.
 
 Indicate whether the statement is true or false

Question 2

Maurice and Stanley's train store has grown to the point that they need more capital to expand the current location and to open stores in other cities. They do not want the liability of taking out a loan and are no longer concerned about government oversight but would still like to maintain limited liability. They would most likely form a
 A) corporation.
  B) sole proprietorship.
  C) syndicate.
  D) co-op.

[Brummell1998]

Answer to Question 1

True

Answer to Question 2

A