Gong Li has recently inherited $10,000 and is considering purchasing 10 bonds of the Lucky Corporation. The bond has a par value of $1,000 with 10 percent coupon rate and will mature in 10 years
Does Gong Li have enough money to buy 10 bonds if the required rate of return is 9 percent?
No. Since the required rate of return (9%) is less than the bond's coupon rate (10%), the bond's price is greater than its par value ($1,000). Thus, the total price of 10 bonds is greater than $10,000.
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Dragoo Building Inc. has a crane with a book value of $240,000 and a four-year remaining life. A new crane is available at a cost of $615,000. Dragoo can also receive $48,000 for trading in the old pump. The new crane will reduce variable costs by $145,000 per year over its four-year life. The total impact to Dragoo over the crane's four-year life is:
A. Increase of $23,000. B. Decrease of $48,000. C. Decrease of $13,000. D. Decrease of $615,000. E. Increase of $13,000.
All of the following are elements of the DBMS which facilitate user access to the database except
a. query language b. data access language c. data manipulation language d. data definition language
Information systems personnel and end users are the two audiences for the final systems documentation
Indicate whether the statement is true or false
P has an approximate normal distribution provided that np and n(1 - p) are both greater than or equal to ____________________
Fill in the blank(s) with correct word