Which item below is a nontaxable exclusion from gross income?

A)

Municipal bond interest
B)

Interest on U.S. Series EE bonds
C)

Alimony received
D)

Bingo winnings

A

Business

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What is measured by current assets minus current liabilities?

A. Solvency B. Working capital C. Profitability D. Cash flow

Business

Assume a bond with a $1,00 . par value and an 11 percent coupon rate, two years remaining to maturity, and a 10 percent yield to maturity. The duration of this bond is a. 1.90 years

b. 1.50 years. c. 1.92 years. d. none of the above

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