Top-down budgeting utilizes operating personnel in budget formulation

Which of the following is in compliance with the core values of total quality management?

A. Providing specific quality training to the supervisors B. Adopting a retrospective approach to quality control by correcting error prone products C. Developing generalized methods and processes rather than focusing on meeting the needs of the specific customers D. Encouraging employees and customers to provide inputs on improving quality of the products and deciding on the costs E. Measuring employees' progress based on the amount of work done rather than the feedback obtained from the customers

Rachel McGovern bought a 10-year bond for $921.77 seven years ago. The bond pays a coupon of 15 percent semiannually. Today, the bond is priced at $961.92. If she sold the bond today, what would be her realized yield?

A) 17% B) 18% C) 9% D) 10%