Suppose you just purchased a corporate bond with a par value of $1,000 for $951.25. It carries a 7% coupon rate and will mature in 5 years. What is the yield to maturity?
A) 6.14%
B) 7%
C) 8.23%
D) 12%
Answer: C
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Which of the following is the most complete and accurate description of a pure-click company?
A) These are companies that launch a Web site without any previous existence as a firm. B) These firms' business models are based on advertising revenue. C) These are established companies that have an online site for selling products. D) These companies get paid every time a user visits their Web site. E) These companies sell online space to other Web sites and are paid for the service.
Which of the following is the implied default title conveyed in a sale of real estate?
A) life estate B) servient estate C) fee simple absolute D) fee simple defeasible
Answer the following statement(s) true (T) or false (F)
1. Age, sex, and family size are all social factors that affect the buying decision. 2. An example of a psychological factor in buying decisions was my donation of $500 to the Red Cross after 9/11. 3. The consumption chain begins with the consumer’s search for a product. 4. Marketers can develop a market advantage around any element in the consumption chain. 5. Organizational buying differs from consumer buying in that organizational purchases are much larger and more frequent.
Daryl Corporation reports costs for the year as follows
Direct Materials Used $780,000 Wages to Line Workers 245,000 Office Rent 33,000 Indirect Materials Used 800,000 How much is the total product costs for the year? A) $800,000 B) $1,825,000 C) $1,858,000 D) $1,025,000