A Heights Inc. bonds have a coupon rate of 7%, a yield to maturity of 10%, a face value of $1,000,
and mature in 10 years. Which of the following statements is MOST correct?
A) An investor who purchases the bond today will earn a return of 10% if he sells the bond after
one year.
B) An investor who purchases the bond today will earn a return of 10% per year if he holds the
bond until it matures.
C) An investor who purchases the bond today will earn a return of 7% if he sells the bond after
one year.
D) An investor who purchases the bond today will earn a return of 17% per year if he holds the
bond until it matures.
B
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On May 1, 2002, Marek received a telegram from Sergei offering to support him in his new construction project. On May 5, 2002, at 9:00 a.m., Sergei sends Marek a telegram attempting to revoke the offer. At 11:00 a.m. on the same day, Marek mails Sergei a letter attempting to accept the offer. At 11:30 a.m., Marek receives Sergei's revocation. Assume Marek and Sergei are both construction contractors and the custom in the construction business is to offer by telegram and accept by mail. Which of the following statements holds true in this situation?
A. Marek's acceptance would be effective only when Sergei reads the acceptance, which would then create the contract. B. The parties would have a contract because Marek used the means of communication impliedly authorized by trade usage. C. Sergei's revocation can make changes to the contract, though it reaches Marek after he sends the acceptance mail. D. The parties would not have a contract as Marek used a nonauthorized means of communicating his acceptance.
Any significant capital expenditure or project requires a lengthy, and expensive, cost benefit analysis.
Answer the following statement true (T) or false (F)
When encoding a message, the source should use signs or symbols that are new to the audience.
Answer the following statement true (T) or false (F)
Public utilities are considered to be legal monopolies
Indicate whether the statement is true or false