Stanley Hart invested in a municipal bond that promised an annual yield of 6.7 percent. The bond pays coupons twice a year. What is the effective annual yield (EAY) on this investment?
A) 13.4%
B) 6.81%
C) 6.70%
D) None of the above
Answer: B) 6.81%
Business
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Which of the statements below is not one of the United Kingdom's Data Protection Act (DPA) guidelines?
A) Personal data will be held only for specified and lawful purposes. B) Personal data will be accurate and will be kept current. C) Data users must take appropriate security measures against unauthorized access, alteration, disclosure, destruction, or loss of personal data. D) All of the above statements are DPA guidelines.
Business
When the staff accountant enters a correct customer number, the data entry screen displays the customer name and address. This is an example of
A) prompting. B) preformatting. C) closed-loop verification. D) error checking.
Business