MacroMedia Inc. $1,000 par value bonds are selling for $1,265. Which of the following statements is TRUE?
A) The bond market currently requires a rate (yield) less than the coupon rate.
B) The bonds are selling at a premium to the par value.
C) The coupon rate is greater than the yield to maturity.
D) All of the above are true.
Answer: D
You might also like to view...
Kronos Inc, a car manufacturer, makes a car called Hover that runs on the force generated by super magnets. Kronos is the first company to use super-magnet technology in automobile manufacturing, aiming to reduce dependency on non-renewable fuels
If Kronos plans to release television advertisements about Hover, what kind of advertising objective should it pursue when introducing the new product into the market?
Determine the October 2014 ROI for an investment center with the following information: Assets at September 30, 2014 $20,000,000 Assets at October 31, 2014 22,000,000 Assets at October 15, 2014 18,595,000 Operating income for the month ended October 31, 2014 5,200,000 Round percentage answer to two decimal places
A) 26.8 percent B) 22.8 percent C) 24.8 percent D) 28.8 percent
When should process costing techniques be used in assigning costs to products?
A) Any time production is only partially completed during the accounting period. B) If the product is composed of mass-produced homogeneous products and production is not always completed as to all elements of production during the accounting period. C) If the product is manufactured according to customer specifications. D) All of these.
Budgeting, recruiting, and scheduling are examples of a(n):
A) development. B) core process. C) support process. D) system.