The financial pages of the local newspaper helped Mary in identifying that she can buy a bond ($1,000 par) for $800. If the coupon rate is 10 percent, the annual interest payments equal $80.?
Answer the following statement true (T) or false (F)
False
Annual interest payments are computed as a percentage of the principal amount. Therefore, the interest payment is equal to $1,000 × 10% = $100. See 6-1: Characteristics and Types of Debt
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Based on the passage, Selman & Saks entered the French market to gain which of the following benefits of global trade?
A) access to new consumer markets B) access to less expensive labor C) access to less expensive materials D) access to foreign investment incentives E) the ability to offset domestic economic cycles
Costs that flow directly to the income statement as expenses are called:
A. Product costs. B. Capitalized costs. C. General costs. D. Balance sheet costs. E. Period costs.
Donna defaulted on her loan owed to Second State Savings and Loan. The loan was secured with Donna's car. Donna used the car for personal and family reasons. Which statement is correct?
A) Second State may take Donna's car without a court order if this can be done without a breach of the peace. B) Second State may take Donna's car without a court order even if it means a breach of the peace. C) Second State may not take Donna's car because it is a consumer good. D) Second State may not take Donna's car because perfection was automatic.
Naomi received weekly wages of $1,185.58. She is married and is entitled to 7 withholding allowances. How much income tax will be withheld, based on the percentage method tables in Exhibits 9-1 and 9-2 from your text?
A) $0 B) $20.29 C) $30.16 D) $82.66