If a corporate bond with a face value of $20,000 pays yearly coupon payments of $500, what is the coupon rate?

About what percent of total world trade is accounted for by countries that belong to the World Trade Organization?

a. 54 percent b. 72 percent c. 89 percent d. 97 percent

In which setting are the transaction costs of making an exchange likely to be the highest?

A) buying cereal at the grocery store B) buying a house C) buying a computer over the Internet D) buying stock in a company E) buying a Big Mac at McDonald's