Assume Julian has a choice between two deposit accounts. Account A has an annual percentage rate of 7.55 percent but with interest compounded monthly. Account B has an annual percentage rate of 7.45 percent with interest compounded continuously
Which account provides the highest effective annual return?
A) Account A
B) Account B
C) Both provide the same effective annual return
D) We don't have sufficient information to make a choice
A
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We ____ received three bids for the new computer mainframe
A) already B) all ready C) all-ready
A control security is stock which gives the owner a controlling interest in the company
a. True b. False Indicate whether the statement is true or false
Large, highly-rated firms sometimes sell commercial paper:
A. To borrow funds at a lower rate than through a bank. B. To improve their credit rating. C. Because they can't borrow anywhere else. D. To borrow funds when they cannot obtain a loan from a bank.
If an investor owns a bond that pays a higher rate of interest than other bonds of similar risk, the investor should be able to sell the bond on the secondary market for more than its face value.
Answer the following statement true (T) or false (F)