What is the coupon rate of an annual bond that has a yield to maturity of 8.5%, a current price of $942.32, a par value of $1,000 and matures in thirteen years?
A) 7.67%
B) 7.75%
C) 8.33%
D) 8.50%
Answer: B
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The indirect method of reporting
a. is preferred by the Financial Accounting Standards Board (FASB), Statement of Financial Accounting Standards No. 95, "Statement of Cash Flows." b. shows a reconciliation between net income and cash flow from operations either at the bottom of the statement of cash flows or in a separate note. c. reports the amounts of cash received from customers less cash disbursed to various suppliers, employees, lenders for interest payments, and taxing authorities. d. reports the net income for a period and then adjusts the net income to convert revenues to cash received from customers and to convert expenses to cash disbursed to various suppliers of goods and services. e. includes all of the above.
The readiness of an individual or a group to perform a specific task depends on the _________ and ________ to perform the task.
A) Aptitude; readiness B) Facility; enthusiasm C) Ability; willingness D) Capacity; motivation
The holding period return (HPR) is the return measured from the initial purchase to the final sale of the investment without regard to the length of time the investment is held
Indicate whether the statement is true or false.
The purpose of carrying inventory is to
A) have collateral for loans. B) make sales more independent of the production process. C) make different production processes more dependent on sales. D) improve the current ratio.