Semiannual payment bonds with the same risk (Aaa) and maturity (20 years) as your company's bonds have a simple (not effective annual rate) yield of 9 percent. Your company's treasurer is thinking of issuing at par some $1,000 par value, 20-year, quarterly payment bonds. She has asked you to determine what quarterly interest payment, in dollars, the company would have to set in order to provide
the same effective annual rate (EAR) as those on the 20-year, semiannual payment bonds. What would the quarterly interest payment be, in dollars?
a. $45.00
b. $25.00
c. $22.25
d. $27.50
e. $23.00
c
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A) studying past media purchases B) conducting a shootout C) studying the firm's client retention rate D) switching the contract
Vitamin drinks are in the growth stage of their product life cycle. This means that promotion for vitamin drinks most likely focuses on ________
A) encouraging trial through sales promotion B) creating public awareness through public relations C) encouraging customers to switch brands through sales promotion D) stressing product benefits through advertising E) using competitive-parity strategies
Despite the growth in popularity of electronic meetings, face-to-face meetings continue to be the most-used meeting format in most organizations
Indicate whether the statement is true or false
Many successful entrepreneurial firms do not develop their own technology; rather, they combine and distribute inventions and innovations generated by others upstream. This is known as:
a. turnkey innovation b. technology indigenization c. benchmarking d. reengineering