A bond purchased for $950 was sold for $980 after one year. The interest received during the year is $25. The bond's yield is:?
A. ?2.23%
B. ?5.79%
C. ?8.12%
D. ?5.25%
E. ?9.36%
Answer: B
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McDonald's Corporation is the largest food service organization in the world. The proper handling of cash and food is important to the profitability of McDonald's. Based on your personal knowledge of McDonald's and the internal control concepts and
procedures described in the textbook, answer the following questions. REQUIRED: Describe procedures that you believe McDonald's may use to control cash receipts.
The criteria for liability recognition include(s):
a. the item represents a present obligation, not a potential future commitment or intent. b. the obligation must exist as a result of a past transaction or exchange, called the obligating event. c. the obligation must require a probable future economic resource that the firm has little or no discretion to avoid. d. the obligation must have a relevant measurement attribute that the firm can quantify with sufficient reliability. e. All of these answers are correct.
Open Database Connectivity (ODBC) does all of the following except:
a. retrieve data in real time. b. allows repeated pulls for iterative analysis. c. retrieves metadata like column types and relationships directly. d. applies Benford's Law directly to all retrieved data.
In Standard Oil v. U.S., the federal government wanted to break up a trust of companies that controlled up to 90 percent of the petroleum products market at the turn of the century. The government relied on which law to force this breakup?
a. the Federal Trade Commission Act b. the Clayton Act c. the Lanham Act d. the Sherman Act e. the Noerr-Pennington Act