Which of the following choices is closest to the amount of money that must be invested today in order to have $25,000 at the end of four years if the rate of return is 12% compounded annually?
A. $22,300.
B. $19,900.
C. $15,900.
D. $17,100.
E. None of the answers is correct.
Answer: C
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Indicate whether the statement is true or false
As companies experience a shift from labor-intensive operations to automated operations, which of the following costs becomes more difficult to trace to products?
A) Administrative costs B) Direct labor costs C) Direct material costs D) Overhead costs
In the general environment, which of the following is not a demographic trend?
A. changes in ethnic composition B. more women in the workforce C. aging population D. greater disparities in income levels
Orient Airlines' common stock currently sells for $32, and its 8.0% convertible debentures (issued at par, or $1,000) sell for $850. Each debenture can be converted into 26 shares of common stock at any time before 2028. What is the conversion value of the bond? Do not round your intermediate calculations.
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