The price of a 3-year zero coupon government bond is 85.16. The price of a similar 4-year bond is 78.81. What is the yield to maturity (effective annual yield) on the 3-year bond?

In reconciling a bank statement, the bank balance is $2,100, and the checkbook balance is $2,001. Which of the following is the most probable reason for the bank balance being larger than the book balance?

A) There are outstanding checks. B) The bank has deducted certain amounts for bank service charges. C) A deposit in transit was made at the end of the month. D) The company erroneously recorded a check for an amount less than the actual amount.

Many managers spend as much as four hours a day in meetings

Indicate whether the statement is true or false.