a) Calculate the current value of Bond L. (See Table 6.2) (b) What will happen to the value/price as the bond approaches maturity?
What will be an ideal response?
(a) Using Financial calculator: PMT = 90, N = 5, I = 6, FV = 1,000, CPT PV = $1,126.08
(b) The bond price will decrease and come closer to par.
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Which of the following is a measure of liquidity?
A) Payables turnover B) Current ratio C) Working capital D) All of these are used to evaluate a company's liquidity.
The constraint for ingredient 3 is:
The owner of Black Angus Ranch is trying to determine the correct mix of two types of beef feed, A and B, which cost 50 cents and 75 cents per pound, respectively. Five essential ingredients are contained in the feed, shown in the table below. The table also shows the minimum daily requirements of each ingredient. Ingredient Percent per pound in Feed A Percent per pound in Feed B Minimum daily requirement (pounds) 1 20 24 30 2 30 10 50 3 0 30 20 4 24 15 60 5 10 20 40 A) .5A + .75B = 20. B) .3B = 20. C) .3B? 20. D) .3B ? 20.
Which of the following is true of broad bands?
A. More use of broad brands, the less use of delayering in a firm. B. Broad bands with smaller range spread permit managers to recognize high performance with high pay. C. Broad bands with greater range spread give rise to lower labor costs. D. More use of broad brands, the less opportunity for promotions. E. Broad bands with greater range spread lead to weaker budgetary control.
Ethical screening refers to
A) running a contemplated decision or action through an ethics test. B) evaluating job applicants based on their charitable contributions. C) making sure that all company employees have ethics training. D) avoiding contact with unethical people wherever possible.