Alice Trang is planning to buy a six-year bond that pays a coupon of 10 percent semiannually. Given the current price of $878.21, what is the yield to maturity on these bonds?

A) 11%
B) 12%
C) 13%
D) 14%

Answer: C) 13%

Business

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In practice,

A) the structure of the corporation separates owners from managers. B) the corporate board selects the main corporate officers. C) the corporate board is elected by the shareholders. D) All of the above are true.

Business

Que, Rae, and Sye are in the process of liquidating their partnership. Sye has agreed to accept the inventory, which has a fair value of $60,000, as part of her settlement. A balance sheet and the residual profit and loss sharing percentages are as follow

Cash $ 248,000 Accounts payable $ 180,000 Inventory 100,000 Que, capital (40%) 98,000 Plant assets 280,000 Rae, capital (40%) 175,000 Sye, capital (20%) 175,000 Total assets $ 628,000 Total liab./equity $ 628,000 If the partners then distribute the available cash using a safe payments schedule, Sye will receive A) $ 41,000 cash. B) $ 51,000 cash. C) $107,000 cash. D) $175,000 cash.

Business