Suppose the September CBOT Treasury bond futures contract has a quoted price of 89'09. What is the implied annual interest rate inherent in this futures contract?
A. 6.32%
B. 6.65%
C. 7.00%
D. 7.35%
E. 7.72%
Answer: C
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Procter & Gamble recently introduced Pampers Rash Guard. Rash Guard does not represent a new product per se; rather, the diapers are being marketed as an alternative to regular Pampers
What type of innovation do Pampers Rash Guard diapers represent? A) a continuous innovation B) a dynamically continuous innovation C) a discontinuous innovation D) a platform-based innovation E) none of the above
The stockholders' equity accounts of Jamison Corporation include $37,500 of common stock with a par value of $0.50, and 5,000 shares of treasury stock with a total cost of $25,000. The total number of shares outstanding for Jamison Corporation are:
A) 32,500 shares. B) 70,000 shares. C) 75,000 shares. D) 80,000 shares.
A company's store was destroyed by an earthquake on February 10 of the current year. The only information for the current period that could be salvaged included the following: Beginning inventory, January 1:$44,000Purchases to date:$198,000Sales to date:$310,000Historically, the company's gross profit ratio has been 30%. Estimate the value of the destroyed inventory using the gross profit method.
What will be an ideal response?
In order to be issued, the number of shares of stock must be ________
A) authorized in the corporation's articles of incorporation B) purchased by the directors of the corporation C) registered under the incorporation statute of Delaware D) approved by the U.S. Secretary of Treasury