When a bond sells at a premium:
A. The contract rate is equal to the market rate.
B. The contract rate is below the market rate.
C. The contract rate is above the market rate.
D. It means that the bond is a zero coupon bond.
E. The bond pays no interest.
Answer: C
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Give an example of a country where significant regional differences have major implications for employment.
a. Africa b. United States c. China d. Mexico
Tom Siebel and the Meth Project produced anti-meth use ads that
a. emphasized that Meth use was unpopular b. emphasized that Meth use was dangerous c. that used graphic images and videos d. all of the above
Fresh Harvest Company, which is based on Georgia, packages and sells vegetables. Jack, who is a resident of North Carolina, buys a Fresh Harvest product, eats it, and suffers severe food poisoning. Jack wants to file a suit against Fresh Harvest. The diversity of citizenship between these parties means that
a. federal and state courts have concurrent jurisdiction. b. federal courts have exclusive jurisdiction. c. no court has jurisdiction. d. state courts have exclusive jurisdiction.
Under the two-cycle average daily balance method for computing interest,
A) there is a two-month grace period before any interest is owed on the unpaid balance. B) you will always pay more interest than under the one-cycle daily balance method. C) consumers who have a permanent unpaid balance will pay more interest than under the one-cycle daily balance method. D) a grace period applied in a previous month is eliminated if you fail to completely pay off the balance in the present month.