A bond purchaser bought a bond from which she receives $800 a year from the issuer. If the face value of the bond is __________ then the coupon rate is __________.
A. $10,000; 10 percent
B. $8,000; 8 percent
C. $10,000; 8 percent
D. $8,000; 12 percent
E. none of the above
Answer: C
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Total utility decreases when diminishing marginal utility is present
a. True b. False Indicate whether the statement is true or false
European corporations have been described with the term:
a. laissez faire b. indirect capitalism c. shareholder capitalism d. managerial capitalism e. all of the above
Exhibit 17-1: Global Comparison of Government Surpluses and Deficits as a Percentage of GDP, 2016 ? Country Surplus (+) or Deficit (-) as a percent of GDP Canada -1.10 Iceland 12.57 Latvia 0.06 Norway 3.99 Spain -4.51 United States -4.94? Given the information in Exhibit 17-1, which of the countries shown was closest to balancing its budget?
A. Iceland B. Latvia C. Norway D. United States
A production possibilities curve with quantities of clothing and food on the axes shows which of the following?
I. A society cannot have an unlimited amount of each good. II. For an efficient society, an increase in clothing production will necessitate a decrease in food production. III. A society will always produce the maximum amount of both clothing and food. A) I only B) II only C) III only D) Both I and II