An innovative culture is likely to have ________

A common reason for calling in a callable bond before its maturity date is that _____.

a. market interest rates increased b. market interest rates decreased c. the stated interest rate on the bond decreased d. the stated interest rate on the bond increased

Benkart Corporation has sales of $5,000,000, net income of $800,000, total assets of $2,000,000, and

100,000 shares of common stock outstanding. If Benkart's P/E ratio is 12, what is the company's current stock price? A) $360 per share B) $240 per share C) $96 per share D) $60 per share