When the market rate of interest was 12%, Halprin Corporation issued $1,000,000, 11%, 10-year bonds that payinterest annually. The selling price of this bond issue was
a. $321,970
b. $1,000,000
c. $943,494
d. $621,524
c
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Which is the best definition of scienter?
a. Fraudulent conduct in the purchase of a security. b. A causal connection between a misstatement and a material loss. c. A material omission of facts. d. A wrongful state of mind when making a misrepresentation.
Which of the following choices is closest to the amount of money that must be invested today in order to have $25,000 at the end of four years if the rate of return is 12% compounded annually?
A. $22,300. B. $19,900. C. $15,900. D. $17,100. E. None of the answers is correct.
On the work sheet, before net income or loss is calculated, the Debit column of the Income Statement section totals $4,500 and the Credit column totals $4,700 . The net income or loss of the business is:
a. $100 net income. b. $200 net income. c. $300 net loss. d. $200 net loss. e. $4,700 net income.
____________________ is communication that guides other people towards the adoption of an idea or action.
Fill in the blank(s) with the appropriate word(s).