The price of an option is always somewhat greater than its intrinsic value, since there is always some chance that the intrinsic value will rise between the present and the expiration date
Indicate whether the statement is true or false.
Answer: TRUE
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A nonprofit organization considering selling a product is evaluating the competitive marketplace. This action is an example of exploring the product’s ______ environment.
A. joint B. internal C. external D. feasibility
The entry to close the Insurance Expense account at the end of the accounting period is to:
A) debit Retained Earnings and credit Prepaid Insurance B) debit Prepaid Insurance and credit Retained Earnings C) debit Insurance Expense and credit Retained Earnings D) debit Retained Earnings and credit Insurance Expense
On January 1 of Year 1, Congo Express Airways issued $3,500,000 of 7% bonds that pay interest semiannually on January 1 and July 1. The bond issue price is $3,197,389 and the market rate of interest for similar bonds is 8%. The bond premium or discount is being amortized at a rate of $10,087 every six months.The amount of interest expense recognized by Congo Express Airways on the bond issue in Year 1 would be:
A. $245,000. B. $225,000. C. $265,174. D. $132,500. E. $224,826.
The OPIC limits its exposure in any one country to no more than 10 percent of its total risk
Indicate whether the statement is true or false