Product quality is harder to define and judge than service quality

If the required return is greater than the coupon rate, a bond will sell at ________

A) par B) a discount C) a premium D) book value

For U.S. companies, foreign-currency-denominated receivables and payables give rise to exchange gains and losses ________

A) at the end of each accounting period B) only when the dollar strengthens against the foreign currency C) only when the dollar weakens against the foreign currency D) whether the transactions are denominated in dollars or the foreign currency