Which of the following statements is true?
A) A bond that has a rating of AA is considered to be a junk bond.
B) A bond will sell at a premium if the prevailing required rate of return is less than the bond's coupon rate.
C) A zero coupon is a bond that is secured by a lien on real property.
D) The legal document that describes all of the terms and conditions of a bond issue is called a debenture agreement.
Answer: B
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Which size category of banks generally has the largest spread?
A. Small banks B. Medium-sized banks C. The 100 largest banks D. The 10 largest banks
Michelle has collected large amounts of data for a business report she is writing, and she wants to ensure that the data are meaningful to her readers. What should she do?
A) Write the problem statement. B) Ask for help on a social media site. C) Organize the data into tables. D) Omit the data from her report to avoid confusing her readers.
To prepare consolidated financial statements when a U.S. parent company has an international subsidiary, the international subsidiary's financial statements must be translated into U.S. dollars.
Answer the following statement true (T) or false (F)
If your neighbors continue to do things on their property that disturb you, you can sue them for the tort of nuisance
Indicate whether the statement is true or false