Cannon - Trust 2 - online || A+ Guaranteed. 2026 Updated.
maturity date correct answers date the bond returns face value plus final interest payment to bond
holder
dated date correct answers day the bond begins to accrue interest
On-Cycle correct answers interest paid on month/day of maturity and six months later
Off-Cycle correct answers interest paid on a semi-annual cycle different than month/day of
maturity
Short Coupon correct answers less than 180 days of accrued interest
Long Coupon correct answers more than 180 days of accrued interest
Bearer/Coupon Bond Issuance correct answers debt instrument that does not have an owner
name listed in the issuer's books or inscribed on the certificate (banned in municipal bonds in
1983)
Registered Bond Issuance correct answers the certificate of which has the owner's name
imprinted on its face
Book-Entry-Only Bond Issuance correct answers the purchaser receives a receipt rather than an
engraved certificate
Premium Bond Pricing correct answers bond is selling higher now than it was when originated
since interest rates have fallen below the level they were at when the bond was issued
Par Bond Pricing correct answers bond is selling for face value since interest rates have stayed at
or returned to the level they were at when the bond was issued
Discount Bond Pricing correct answers bond is selling less than face value since interest rates
have risen above the level they were at when bond was issued.
Yield-to-Maturity correct answers formula which recognizes market value, interest payments,
and the accretion of the discount or the amortization of the premium as applicable (most accurate
depiction of true return over remaining life of bond)
maturity date correct answers date the bond returns face value plus final interest payment to bond
holder
dated date correct answers day the bond begins to accrue interest
On-Cycle correct answers interest paid on month/day of maturity and six months later
Off-Cycle correct answers interest paid on a semi-annual cycle different than month/day of
maturity
Short Coupon correct answers less than 180 days of accrued interest
Long Coupon correct answers more than 180 days of accrued interest
Bearer/Coupon Bond Issuance correct answers debt instrument that does not have an owner
name listed in the issuer's books or inscribed on the certificate (banned in municipal bonds in
1983)
Registered Bond Issuance correct answers the certificate of which has the owner's name
imprinted on its face
Book-Entry-Only Bond Issuance correct answers the purchaser receives a receipt rather than an
engraved certificate
Premium Bond Pricing correct answers bond is selling higher now than it was when originated
since interest rates have fallen below the level they were at when the bond was issued
Par Bond Pricing correct answers bond is selling for face value since interest rates have stayed at
or returned to the level they were at when the bond was issued
Discount Bond Pricing correct answers bond is selling less than face value since interest rates
have risen above the level they were at when bond was issued.
Yield-to-Maturity correct answers formula which recognizes market value, interest payments,
and the accretion of the discount or the amortization of the premium as applicable (most accurate
depiction of true return over remaining life of bond)
