A firm has an outstanding 15-year convertible bond issue with a $1,000 par value and a stated annual interest rate of 7 percent. The bond is convertible into 50 shares of common stock which has a current market price of $25. A straight bond could have been sold with a 10 percent stated interest rate. The straight value of the bond is ________.
A) $1,328
B) $1,217
C) $972
D) $772
D) $772
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The first step in the marketing research process is:
A) defining the problem. B) collecting information to solve the problem. C) designing a questionnaire. D) collecting data.
The ________ is not exposed to the independent variable manipulation but provides a point of comparison when examining the effects of these manipulations on the dependent variable
A) control group B) hypothetical group C) experimental group D) extraneous group E) caveat group
At the beginning of 2021, Angel Corporation began offering a 1-year warranty on its products. The warranty program was expected to cost Angel 4% of net sales. Net sales made under warranty in 2021 were $180 million. Five percent of the units sold were returned in 2021 and repaired or replaced at a cost of $5.3 million. The amount of warranty expense in Angel's 2021 income statement is:
A. $27.0 million. B. $5.3 million. C. $7.2 million. D. $9.0 million.
The random variable x is the number of occurrences of an event over an interval of ten minutes. It can be assumed that the probability of an occurrence is the same in any two time periods of an equal length. It is known that the mean number of occurrences in ten minutes is 5.3. The probability that there are 8 occurrences in ten minutes is
A. .0241. B. .0771. C. .1126. D. .9107.