The required return defines the yield at which a bond should be trading and serves as the discount rate in the bond valuation process
Indicate whether the statement is true or false.
Answer: TRUE
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Benson orally promised to give his nineteen-year-old son a car as a birthday gift. Benson was not legally bound to his promise because
a. the promise was made orally. b. a promise to make a gift is unenforceable. c. the promise was a past consideration. d. an executed gift requires consideration.
Generally, a felony is any crime punishable by one year or more in jail
Indicate whether the statement is true or false
Two metrics that are used to measure a company's financial performance are net income and cash flow. Accountants emphasize net income as calculated in accordance with generally accepted accounting principles. Finance people generally put at least as much weight on cash flows as they do on net income.
Answer the following statement true (T) or false (F)
Yuki has been hired as the manager of a company that has just begun the direct export of its product. What precautions should she take to assure that the company would in fact be paid for its products when the company has never dealt with the buyer before and is new to the international legal environment?