Which of the following acts requires that a trustee be appointed for sales of bonds, debentures, and other debt securities of public corporations?
A. Securities Investor Protection Act
B. Investment Advisors Act
C. Trust Indenture Act
D. Investment Company Act
Answer: C
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The product positioning strategy based on a category or type of product is the positioning approach of:
A) product user B) product class C) use or application D) cultural symbol
The United States Supreme Court:
A. decides only a small percentage of the cases appealed to it. B. decides all of the cases appealed to it. C. decides a majority of the cases appealed to it. D. defers to the decision of the court of appeals in the event of a concurring opinion.
Which of the following statements about how emotion plays a part in negotiation is accurate?
A. Positive emotion may result from impasse. B. Negative feelings may create positive outcomes. C. Negotiations only create negative emotions. D. Positive feelings do not promote persistence.
On January 2, 2010, Barham Corporation issued ten-year bonds payable with a face value of $400,000 and a face interest rate of 9 percent. The bonds were issued to yield a market interest rate of 10 percent. Interest is payable semi-annually on January 2 and July 1 . In calculating the present value of the bond issue on January 2, 2010,
a. the 9 percent rate will be used to calculate the present value of the face amount and the present value of the periodic interest payments. b. a 5 percent rate will be used to calculate the present value of the face amount and the present value of the periodic interest payments. c. the 10 percent rate will be used to calculate the present value of the face amount and the present value of the periodic interest payments. d. the 10 percent rate will be used to calculate the present value of the face amount and a 5 percent rate will be used to calculate the present value of the periodic interest payments.