Wilson's Cabinets has bonds outstanding that mature in eight years, have a 6 percent coupon and pay interest annually. These bonds have a face value of $1,000 and a current market price of $1,020. What is the company's pre-tax cost of debt?
A) 5.68 percent
B) 6.19 percent
C) 6.34 percent
D) 6.82 percent
E) 7.57 percent
A
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Point-of-purchase displays are highly effective means for:
A) pull-demand strategies B) brand parity situations C) increasing sales D) reciprocation tactics
Colleen and Seamus have not actively maintained their friendship and they have found themselves drifting apart. Their friendship may be described as which of the following?
A. waning friendship B. moving toward friendship C. nascent friendship D. role-limited interaction
In a major review in 1948, Stogdill suggested ______.
A. no consistent set of traits differentiates leaders from non-leaders B. leadership traits are independent of situation factors C. extraversion is a definitive leadership trait D. a consistent set of traits differentiates leaders from nonleaders
Which of these statements is false?
a. A ratio can be computed from any pair of numbers. b. Given the large quantity of variables included in financial statements, a very long list of meaningful ratios can be derived. c. Comparing ratios computed from income statement and balance sheet numbers can create difficulties due to the timing of the financial statements. d. Financial ratios are usually expressed in percent or times. e. In vertical analysis, a figure from this year's statement is compared with a base selected from the prior statement.