(I) The coupon rate is the rate of interest that the issuer of the bond must pay
(II) The coupon rate on old bonds fluctuates with market interest rates so they will remain attractive to investors.
A) (I) is true, (II) false.
B) (I) is false, (II) true.
C) Both are true.
D) Both are false.
A
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On June 1, 20xx, Sterling Corporation had 40,000 shares of $10 par value common stock outstanding. On June 2, 20xx, Sterling declared a 40 percent stock dividend to be distributed on July 5, 20xx, to shareholders of record on June 15, 20xx. What amount of retained earnings should be transferred to contributed capital because of this dividend?
a. None b. Par value per share multiplied by the number of dividend shares c. Market value of the stock at the date of distribution multiplied by the number of dividend shares d. Market value of the stock at the date of declaration multiplied by the number of dividend shares
The ____________________ loop is constructed with conditions in the LOOP statement to determine when the looping action begins and ends.
Fill in the blank(s) with the appropriate word(s).
Knowing the audience for a business presentation involves
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Sixty-five percent of Sally's mutual funds are invested in environmentally friendly companies. We can assume Sally has invested in sector funds
Indicate whether this statement is true or false.