The amount of cash received on issuance of a 9 percent, $10,000 bond dated February 1 and issued June 1 at 96 is
A) $9,300.
B) $9,975.
C) $9,600.
D) $9,900.
D
You might also like to view...
The payroll register is used to:
a. record time worked b. record hours worked on specific jobs c. prepare a payroll disbursement voucher d. prepare and disburse employee paychecks
Discuss the similarities or possible differences between the parol evidence rule under the common law of contracts and the parol evidence rule found in Article 2
What is a strategic alliance? How is it linked to relationship marketing?
What will be an ideal response?
Ellen contracts with James to be her stockbroker, making stock trades for Ellen's account. Ellen need not pre- approve the trades that James makes, only trades for more than $20,000 . Ellen and James include a clause stating "that in case of any disputes arising out of this contract; the dispute shall be arbitrated using the rules of the New York Stock Exchange." Ellen learns that since signing
her contract with James, he has routinely been making trades worth more than $20,000 without her permission, and losing money. After Ellen receives her determination from the arbitrators, James decides that the arbitrator was wrong in his understanding of the brokerage agreement. James decides to appeal the decision of the arbitrators. In this case: a. he may not appeal the decision b. only Ellen may appeal the decision c. he may appeal to a court, but he is unlikely to win d. he may appeal only to the New York Stock Exchange e. none of the other choices