The difference between the price and the par value of a zero-coupon bond represents ________
A) taxes payable by the bond buyer
B) the accumulated principal over the life of the bond
C) the bond premium
D) the accumulated interest over the life of the bond
Answer: D
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For June, Gold Corp. estimated sales revenue at $600,000. It pays sales commissions that are 4% of sales. The sales manager's salary is $285,000, estimated shipping expenses total 1% of sales, and miscellaneous selling expenses are $15,000. How much are budgeted selling expenses for the month of July if sales are expected to be $540,000?
a) $327,000 b) $27,000 c) $42,000 d) $330,000
The direct approach is more likely to ________ when compared to the indirect approach
A) be difficult to understand B) include a request at the end of the message C) be the better choice for most requests D) take more time to get to the point E) get to the point slowly