If the yield to maturity (the market rate of return) of a bond is less than its coupon rate, the bond should be:
A. selling at a discount; i.e., the bond's market price should be less than its face (maturity) value.
B. selling at a premium; i.e., the bond's market price should be greater than its face value.
C. selling at par; i.e., the bond's market price should be the same as its face value.
D. a floating-rate bond yielding market adjusted interest.
E. an indexed bond that adjusts interest payments on the basis of an inflation index.
Answer: B
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The Ministry of International Trade and Industry (MITI) has helped devise export strategies for companies in:
A) Singapore. B) South Korea. C) Taiwan. D) Hong Kong. E) Japan.
Related corporate diversification does not necessarily provide opportunities
A. for cross-business collaboration to create valuable new competencies and capabilities. B. to exploit a first-mover strategy and capture valuable financial fits. C. to share other resources (besides brands) that support corresponding value chain activities across businesses. D. for transferring expertise, technology, and other capabilities from one business to another. E. for reducing costs on advertising by leveraging use of a competitively powerful brand name.
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be sold only in the finer department stores and Vuitton-authorized dealers and franchises. One dealer has been selling the Vuitton products at substantial discounts to a wholesaler in the Los Angeles garment district. Discuss Vuitton's rights in this situation.
________ benefits are fringe benefits with minimal value.
A) Minimal B) De minimis C) De normal D) Mandatory