If a $1,000 bond costs $1,000 and pays $50 interest, 1 . the current yield is 5 percent 2 . the yield to maturity is 5 percent 3 . the bond is selling for par
a. 1 and 2
b. 1 and 3
c. 2 and 3
d. all of the above
d
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Which of the following products would probably use a job order costing system?
A) Pens B) Instant coffee C) Computer monitors D) Advertisements
The variance of the returns of Stock X is 62.5 percent, and the expected return from the stock is 18 percent. Calculate the coefficient of variation of the stock.
A. 3.47 B. 0.44 C. 40.98 D. 0.29 E. 1.86
Temp-Tech management learns that last month's production run of heaters at its Newark plant is defective and announces a recall of the specific models produced. To handle the large number of products it expects to receive for replacement of the defective thermostats, Temp-Tech will probably need to add a ____ to its distribution network.
A. distribution center B. private warehouse C. dispatching shipment system D. public warehouse E. materials handling system
Which of the following statements describes the letter of credit?
a. It is a bank's obligation to pay a sum of money. b. It is issued by a bank on behalf of its customer. c. It is usually irrevocable. d. All of the above