What is the value of a bond that matures in 5 years, has an annual coupon payment of $110, and a
par value of $2,000? Assume a required rate of return of 8.69%.
A) $938.50 B) $1,749.83 C) $1,876.99 D) $1,891.36
B
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A company that is producing goods domestically and sells them outside the country is involved in
A. countertrading. B. outsourcing. C. importing. D. exporting. E. franchising.
Mark wanted to make some extra money, so he went door-to-door in his neighborhood asking residents if they had any small jobs that they could hire him to perform. Mark had no idea of whether anyone had any jobs for him, so he picked the houses randomly and knocked on the doors to see if anyone was home and perhaps interested in his services. In terms of the personal selling process, Mark was engaged in ________ when he knocked on a prospective customer's door.
A. stimulus-response selling B. handshaking C. traffic generation D. cold canvassing E. closing
Answer the following statements true (T) or false (F)
1. The Sarbanes-Oxley Act requires all private companies in the United States to maintain an internal control system. 2. The Public Company Accounting Oversight Board oversees the work of auditors of public companies. 3. Under the Sarbanes-Oxley Act, accounting firms are allowed to audit a public company and provide certain consulting services for the same client. 4. Violators of the Sarbanes-Oxley Act may be sentenced to prison for making false sworn statements.
A contract provision that relieves a party to the contract from liability is known as:
A) A liquidated damages clause. B) An executory clause. C) A disaffirming clause. D) An exculpatory clause. E) A mitigating clause.