A corporate bond is currently quoted at 101.633. What is the market price of a bond with a $1,000 face value?
A) $1,000.28
B) $1,002.77
C) $1,016.33
D) $1,102.77
E) $1,276.70
C) $1,016.33
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Which of the following is not true about the quick ratio?
a. It is equal to or less than the current ratio; b. It measures liquidity; c. It includes all working capital accounts; d. It is the same as the acid-test ratio; e. Generally, it should be no less than 1 to 1
Which of the following does not qualify as a general reason that good people sometimes behave unethically?
a. causing, but not intending, unethical outcome b. choosing not to justify an unethical behavior c. failing to prevent an unethical behavior out of fear of retaliation d. choosing one set of values over a competing set of values
A store's "feel," whether cluttered, cheerful, plush, or somber, is referred to as the store's franchise
Indicate whether the statement is true or false
If a firm must issue subordinated debentures instead of equipment trust certificates, the marginal cost of capital may rise even though the optimal capital structure is maintained.
Answer the following statement true (T) or false (F)