A bond differs from a term loan in that:
A. a bond issue is negotiated between a financial institution and an investor.
B. a bond is sold to a financial institution only.
C. a bond is always offered to the public at a variable coupon rate.
D. a bond has a higher issuance cost.
E. a bond involves minimal formal documentation.
Answer: D
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The call feature of bonds is useful if a company wants to retire a bond issue
Indicate whether the statement is true or false
A professional salesperson will wait a couple of days before handling any customer complaint, because customer complaints often become less significant with the passage of time.
Answer the following statement true (T) or false (F)
Which of the following is not currently a key labour market trend in the UK:
a. workforce ageing b. rise in dual-career couples c. reduction in female labour market participation d. rise in working single parents
During its first year of operations, Forrest Company paid $30,000 for direct materials and $50,000 in wages for production workers. Lease payments, utility costs, and depreciation on factory equipment totaled $15,000. General, selling, and administrative expenses were $20,000. The average cost to produce one unit was $2.50. How many units were produced during the period?
A. 46,000 B. 38,000 C. 40,000 D. None of these.