Which of the following is a financial asset? (a)A building (b)Bonds (c)Inventories (d)Equipment Correct option:
Reason or logic: The buyer of a zero-coupon bond expects to receive: (a)Price appreciation (b)A rate of return equal to zero over the life of the bond. (c)Variable dividends instead of a fixed interest payment annually. (d)All interest payments in one lump sum at maturity Correct option: Reason or logic: