A $2,000 bond at an 8.45% interest rate is purchased at 75% of face value. What is the rate of annual yield to the investor? Assume the bond is purchased on the interest rate
a. 29%
b. 8%
c. 11%
d. 75%
b,c
You might also like to view...
Ambrosia Foods produces a gourmet condiment that sells for $24 per unit. Variable cost is $6 per unit, and fixed costs are $8000 per month. If Ambrosia expects to sell 1500 units, compute the margin of safety in units. (Round any intermediate calculations and your final answer to the nearest whole unit.)
A) 444 units B) 1056 units C) 1500 units D) 19 units
Getting rid of false subjects can make your writing ____________
a. difficult to interpret b. long-winded c. unprofessional sounding d. more concise
A ______ discussion requires group members to talk through an issue in front of an audience.
Fill in the blank(s) with the appropriate word(s).
In a business environment characterized by limited contact with external customers, an employee addressing a customer by name will cultivate a negative customer-service image
Indicate whether the statement is true or false