A corporate bond with a financial rating of _____ is likely to have the lowest yield to maturity.?
A. Ccc
B. Baa
C. Aaa
D. BBB
Answer: C
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In aging the receivables, each customer's balance is analyzed separately to determine how long it has been outstanding
a. True b. False Indicate whether the statement is true or false
Suppose you buy an inflation-indexed bond that will adjust with inflation and thus pay you $1,500 in real (inflation-adjusted) terms each year for the next five years, plus your real principal of $75,000 at the end of the fifth year. The nominal interest rate is 5 percent and the expected inflation rate is 3 percent. What is the present value of the bond? (Round off your answer to the nearest thousand dollars and pick the answer closest to the one you calculate.)
A. $65,000 B. $70,000 C. $74,000 D. $75,000
Forever Yours, Inc has a secured and perfected security interest in Sally's big-screen TV. On the filing date of Sally's Chapter 7 petition, the balance of the debt owed to Forever Yours is $2,000 . The value of the TV is estimated at $1,500 . This means that Forever Yours
a. is secured for the entire debt, $2,000. b. is unsecured for $500, the excess of the debt over the value of the TV. c. has a high priority claim of $500 . This means that Forever Yours, Inc. will be allowed $500 worth of other unsecured property before other unsecured creditors get anything. d. is unsecured for the entire debt.
When we apply the ABC classification to cycle counting, we would ______.
a. cycle count A items more frequently than B items b. cycle count C items more frequently than A items c. cycle count C items more frequently than B items d. cycle count C items as frequently as A items