IIA CIA Exam Part Three: Business Knowledge for Internal Auditing IIA-CIA-Part3-3P Question # 131 Topic 14 Discussion

IIA CIA Exam Part Three: Business Knowledge for Internal Auditing IIA-CIA-Part3-3P Question # 131 Topic 14 Discussion

IIA-CIA-Part3-3P Exam Topic 14 Question 131 Discussion:
Question #: 131
Topic #: 14

Which type of bond sells at a discount from face value, then increases in value annually until it reaches maturity and provides the owner with the total payoff?


A.

High-yield bonds.


B.

Commodity-backed bonds.


C.

Zero coupon bonds.


D.

Junk bonds.


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