Camille purchased a bond 5 years ago for $1,050. The bond paid $50 in annual interest and returned the $1,000 principal at the end of the fifth year. Camille used the interest payment to pay for college textbooks
A) Her internal rate of return was exactly than 5%.
B) Her internal rate of return was greater than 5%.
C) Her internal rate of return was less than 5%.
D) Her internal rate of return cannot be determined.
Answer: C
You might also like to view...
When you need to show processes, transformations, and other activities, the most effective visual choice would be
A) infographics. B) flowcharts and diagrams. C) animations and videos. D) data visualizations. E) word clouds.
The following information is available for Cubic Company before closing the accounts. After all closing entries are made, what will be the balance in the Retained earnings account? Net income$115,000Retained earnings 110,000Dividends 39,000
A. $186,000. B. $225,000. C. $264,000. D. $956,000. E. $115,000.
Based on Bill George’s authentic leadership approach, which of the following are not related?
A. compassion and relationships B. consistency and self-discipline C. passion and purpose D. behavior and values
A production report contains information on costs transferred in from prior departments as well as costs added in the department such as direct materials, direct labor, and overhead
Indicate whether the statement is true or false