A corporate bond with a face value of $1,000 is currently selling at par, and pays an 8% yield to maturity. Which of the following statements concerning this bond is true?
A) Its current market price is $1,000.
B) Its current semi-annual coupon payment is $40.
C) Its current yield is 8%.
D) All of the above are correct.
E) Only B and C are correct.
Answer: D
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Business letters are important when a permanent record is required, when a message is confidential, and when ________ is necessary
Fill in the blank(s) with correct word
Goldstar Hair Fashions, Inc (Goldstar), a famous beauty salon chain based in the United States, plans to expand its business overseas. It decides to open a salon in London
Due to the prohibitive costs of doing so, it allows a local entrepreneur, Marjorie, to provide beauty services under its trade name. However, any failure to conform to Goldstar's standards of services on the part of Marjorie will result in termination of the agreement. Identify the type of agreement between Goldstar and Marjorie. How will Goldstar benefit from this agreement?
The Family Business Institute indicates that about 12 percent of successful ventures survive into the third generation of ownership.
Answer the following statement true (T) or false (F)
A company issued 145 shares of $100 par value common stock for $15,500 cash. The total amount of paid-in capital is:
A. $14,500. B. $1000. C. $100. D. $15,500. E. $1450.