A passive strategy of bond investing consists of buying bonds for the long term and not selling them until maturity
Indicate whether the statement is true or false.
Answer: TRUE
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________ are consumer products that the consumer either does not know about or knows about but does not normally think about buying
A) Specialty products B) Convenience products C) Unsought products D) Shopping products E) Capital items
Which of the following is the least useful in evaluating a relationship as either favorable or unfavorable?
A) Past and current performances of the company B) Industry averages C) Past performance of the company D) Rule-of-thumb measures
Bridge Corporation had two issues of securities outstanding-- common stock and a 5 percent convertible bond issue in the face amount of $10,000,000 . Interest payment dates of the bond issue are June 30 and December 31 . The conversion clause in the bond indenture entitles the bondholders to receive 40 shares of $20 par value common stock in exchange for each $1,000 bond. On June 30, 2014, the
holders of $1,800,000 face value bonds exercised the conversion privilege. The market price of the bonds on that date was $1,100 per bond and the market price of the common stock was $35 . The total unamortized bond discount at the date of conversion was $500,000 . What amount should Bridge credit to the account "Paid-In Capital in Excess of Par" as a result of this conversion assuming Bridge does not want to recognize any gain (or loss) on the conversion? a. $0 b. $270,000 c. $360,000 d. $920,000
The Age Discrimination in Employment Act of 1967 prohibits discrimination against employees aged _______ and older.
A. 21 B. 39 C. 40 D. 41 E. 65