When an investor purchases a $1,000 par value bond that was quoted at 97.162, the investor:
A) pays $10,971.62 for a $10,000 face value bond.
B) receives $971.62 upon the maturity date of the bond.
C) receives 97.162% of the stated coupon payments.
D) pays 97.162% of face value for the bond.
Answer: D) pays 97.162% of face value for the bond.
Business
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BR Trucking has total sales of $911,300, a total asset turnover of 1.1, and a profit margin of 5.87 percent. Currently, the firm has 18,500 shares outstanding. What are the earnings per share?
A. $2.92 B. $2.97 C. $.286 D. $2.58 E. $2.89
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