A 10-year bond with a $1,000 face value and 6% coupon rate is currently selling in the bond market for $700. Its current yield is

Which is an advantage of corporations relative to partnerships and sole proprietorships?

A. Increased difficulty of raising funds B. Harder to transfer ownership C. Reduced legal liability for investors D. Most common form of organization

A major risk in using commercial paper for short-term financing is the inflexible repayment

schedule. Indicate whether the statement is true or false