The market price of a 20-year, $1,000 bond that pays 9% interest semiannually is $774.31. What is the bond's yield to maturity?
What will be an ideal response?
Answer: N=40, PV=-774.31, PMT=45, FV=1000, solve for i=6.00 semi-annual rate, 6.00 × 2 = 6%
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Johnson & Johnson gave employees sweat suits for attending stress workshops. This is an example of a
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a. A fundamental cooperative orientation and commonality of goals b. Change is most effective when initiated by top management c. Change will evolve over time d. Shared vision is possible
The follow-up stage is a one-time event; it is not used for repeat customers.
Answer the following statement true (T) or false (F)