Case Wines Company issues $805,000 of 9%, 10-year bonds on March 31, 2017. The bonds pay interest on March 31 and September 30. Which of the following statements is true?
A) If the market rate of interest is 10%, the bonds will issue at a premium.
B) If the market rate of interest is 10%, the bonds will issue at a discount.
C) If the market rate of interest is 10%, the bonds will issue at par.
D) If the market rate of interest is 10%, the bonds will issue above par.
B
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A $10,000, 12%, 60-day note was received 6 days ago. The note is discounted today with the bank charging a 10% discount. What will be the amount of the bank discount?
a. $10,000 b. $153 c. $10,200 d. $47 e. None of the above
When a manager sends a message that has a grammar or spelling error, the receiver may question her credibility or feel disrespected
Indicate whether the statement is true or false
A firm is evaluating a proposal which has an initial investment of $35,000 and has cash flows of $10,000 in year 1, $20,000 in year 2, and $10,000 in year 3. The payback period of the project is:
A) 1 year. B) 2 years. C) between 1 and 2 years. D) between 2 and 3 years.
Advertising geared toward attracting not only customers but also potential investors and employees is classified as ____ advertising.
A. institutional B. personal C. selective-demand D. political E. comparative