Commercial paper is issued in denominations of:
A. $10 only.
B. $100 or less.
C. $1,000 only.
D. $100,000 or more.
E. $1,000,000 only.
Answer: D
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Consider a coupon bond that pays $150 every year and repays its principal amount of $1,500 at the end of five years. If the annual rate of discount is 7 percent, the present value of the bond is approximately
A. $214.29. B. $808.39. C. $1,684.50. D. $1,742.52.
Which of the following concepts holds that anyone who genuinely desires information about a firm is able to obtain it?
a. Signalling theory b. Agency theory c. Information symmetry d. Private contracting
The document authorizing the issuance of materials from the storeroom is the:
A) materials requisition B) purchase requisition C) receiving report D) purchase order
Jack is frustrating his team because the feedback he provided for the last set of project documents was "this document is a mess". Jack's feedback was ________.
A. much needed B. timely C. specific D. goal oriented E. unconstructive