(I) If a corporate bond becomes less liquid, the interest rate on the bond will fall
(II) If a corporate bond becomes less liquid, the interest rate on Treasury bonds will fall.
A) (I) is true, (II) false.
B) (I) is false, (II) true.
C) Both are true.
D) Both are false.
B
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?A country has a working population of 85 million. Out of the 85 million people, 51 million are employed and 17 million are unemployed. The labor-force participation rate of the country is
A. ?80 percent B. 60 percent C. ?20 percent D. ?75 percent
Strategic planning is not a substitute for ______.
A. leadership B. consulting C. accountability D. organizational meetings
In a break-even problem what would be expected to happen to the break-even quantity if the variable cost is increased (assume fixed and variable costs remain constant)?
a. Increase b. Decrease c. Neither increase nor decrease d. Impossible to know how break-even quantity would change
On July 1, Shady Creek Resort borrowed $250,000 cash by signing a 10-year, 8% installment note requiring equal payments each June 30 of $37,258. What is the journal entry to record the first annual payment?
A. Debit Interest Expense $20,000; credit Cash $20,000. B. Debit Interest Expense $37,258; credit Cash $37,258. C. Debit Interest Expense $20,000; debit Notes Payable $17,258; credit Cash $37,258. D. Debit Interest Expense $20,000; debit Interest Payable $17,258; credit Cash $37,258. E. Debit Cash $250,000; debit Interest Expense $37,258; credit Notes Payable $287,258.