Visionary TV Corporation bonds are currently priced at $1,088. They have a par value of $1,000 and
12 years to maturity. They pay an annual coupon rate of 6%. What is the yield to maturity on this
bond?
A) 5.4% B) 6.7% C) 5.0% D) 6.1%
C
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Which of the following is an example of circumstances that would not limit the audit scope?
a. An inadequacy in the accounting records. b. The inability to gather sufficient competent evidence. c. Emphasis of an important matter. d. The timing of the fieldwork.
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Indicate whether the statement is true or false
Grant is writing a long, formal report for submission to the company's board of directors on the advisability of a merger. Which of the following is a recommended guideline for preparing the report?
a. Include emotional terms for emphasis. b. Identify any assumptions made. c. Eliminate personal opinions and those of others. d. Avoid the use of quotes and paraphrases from other sources.