A coupon bond is reported as having an ask price of 113% of the $1,000 par value in the Wall Street Journal. If the last interest payment was made two months ago and the coupon rate is 12%, the invoice price of the bond will be
A. $1,100.
B. $1,110.
C. $1,150.
D. $1,160.
E. None of the options are correct
C. $1,150.
$1,130 + $20 (accrued interest) = $1,150.
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Which of the following statements is true regarding choosing offensive strategic market plans?
A) A business with a good cash position that is facing stagnant growth in maturing markets might pursue the market penetration strategy. B) A market-based business will often find that it has more resources to fund market opportunities than there are market opportunities. C) A business with a long-run need for better profit performance would be inclined to select the share penetration strategy. D) The selection of one offensive strategic market plan over another depends on the business's long-run profit needs. E) A business has to prioritize strategic market opportunities on the basis of its performance objectives.
At the end of 2016, Erin was 74 years old and her traditional IRA had a balance of $300,000. She properly withdrew $12,605 from her IRA in 2017, which was the first year she took a withdrawal. In 2017, her IRA assets earned $37,500. What amount must Erin take as a distribution from her IRA in 2018?
A. $13,651. B. Some other amount. C. $14,768. D. $14,187.
In the context of credit, which of the following statements is true of the Fair, Isaac and Company (FICO) scale?
A. It runs from 500 to 1200. B. A person's credit score on the scale is based on his or her occupation and gender. C. A person with a credit score above 500 is considered to have excellent creditworthiness. D. A high credit score on the FICO scale makes it easier to get credit on favorable terms.
A person's accent may legally be taken into consideration in hiring for a particular position when:
a. the employer does not want someone who is "foreign-sounding" b. a significant part of the job requires communication, and the applicant's heavy accent would interfere with the ability to communicate c. the employer's entire workforce is composed of people who speak English as a first language d. any of these