Perry Inc.'s bonds currently sell for $1,150. They have a 6-year maturity, an annual coupon of $85, and a par value of $1,000. What is their current yield?
A. 7.39%
B. 7.76%
C. 8.15%
D. 8.56%
E. 8.98%
Answer: A
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What has research shown about the value Americans place on the ethical nature of their employer?
a. A minority of Americans consider an ethical culture a very important component in an employer. b. The majority of Americans do not consider ethics when looking for an employer. c. Most Americans would like to work for an ethical company but do not consider it a priority. d. A vast majority believe it is highly important to work for an ethical company.
Which of the following groups is more likely according to research to engage in self-leadership strategies?
a. Males b. Females c. Neither d. There has not been definitive research showing that one group is more likely to engage in self-leadership.
Use the following information to prepare the June cash budget for Springer Company. It should show expected cash receipts and cash payments for the month and the cash balance expected on June 30.a. Beginning cash balance on June 1 is $52,000.b. Cash receipts from sales are expected to be $1,625,000.c. Cash payments for direct materials and direct labor are expected to be $246,500 and $573,100, respectively.d. Budgeted cash payments for variable overhead is $340,000.e. Budgeted depreciation, the only fixed overhead estimated for June: $24,000.f. Cash selling and administrative expenses budgeted for June are $282,000.g. Bank loan interest due in June: $8,000.i. Loan payment of $50,000 should be made if the preliminary cash balance is greater than $200,000.
What will be an ideal response?
Most states have statutes protecting merchants from charges of false imprisonment when detaining suspected shoplifters as long as the merchant detains the suspect:
a. without physical discomfort. b. with probable cause, in a reasonable manner, and for not more than a reasonable time. c. for no more than 30 minutes. d. in a way that will not cause embarrassment or physical injury to the suspect.