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A bank quotes a stated annual interest rate of 4.00%. If that rate is equal to an effective annual rate of 4.08%, then the bank is compounding interestThe legal contract that describes the form of the bond, the obligations of the issuer, and the rights of the bondholders can be best described as a bond’sCompared with developed markets bonds, emerging markets bonds most likelyA:semi-annually B:quarterly C:daily 答案: dailyA:debenture B:covenant C:indenture 答案: indentureA:exhibit higher risk B:benefit from lower growth prospects C:offer lower yields 答案: exhibit higher risk
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