A bond has a $1,000 par value, makes annual interest payments of $100, has 5 years to maturity, cannot be called, and is not expected to default. The bond should sell at a premium if market interest rates are below 10% and at a discount if interest rates are greater than 10%.

Answer the following statement true (T) or false (F)


True

Business

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Suppliers can gain power from a number of sources in the buyer / supplier relationship. When a supplier values identification with a buyer, this is called a(n) ________ source of power

A) expert B) reward C) referent D) legal

Business

Four-Square Construction Company enters into a contract with Ben to remodel Carol's Home Store, using products from Delta Building Supplies. Refer to Fact Pattern 18-1.Halfway through the project, Four-Square refuses to finish the job. The contract can be enforced against Four-Square by A) Ben only

B) Carol's only. C) Ben or Carol's. D) none of the choices.

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When there is a doubling in orders for a new business's products or services in a single month, it leads to an immediate increase in the cash flowing into the business.

Answer the following statement true (T) or false (F)

Business

The town that Imelda lives in increased in size from 17,791 to 33,608. What was the amount of the increase?

A. 15,810 B. 19,791 C. 15,817 D. 55,399

Business