Which of the following is the best example of an equipment-based service?
A) a tutoring service
B) an amusement park
C) a religious service
D) a dog-walking service
E) a car dealership
B
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What must be the price of a $1000 bond with a 5.8% coupon rate, annual coupons, and 20 years to maturity if YTM is 7.8% APR?
A) $960.82 B) 1120.95 C) $800.68 D) $640.54
Under the Code of Ethics for CPAs, what should a CPA do in regards to their responsibilities as a professional?
A) The CPA should demonstrate commitment to the profession by respecting and maintaining the public trust. B) The CPA should perform all professional activities with highest regards for integrity. C) The CPA should exercise "due care," through professional improvement. D) The CPA should avoid conflicts of interest and the appearance of conflicts of interest in performing their professional responsibilities. E) The CPA should use a high level of morality that is sensitive to bringing credit to their profession.