A typical bond will pay annual coupon payments until it matures, at which time it will surrender its par value to the owner of the bond

Assume that you purchase 100 shares of Jiffy, Inc. common stock at the bid-ask prices of $32.00 - $32.50. When you sell, the bid-ask prices are $32.50 - $33.00. If you pay a commission rate of 0.5%, what is your profit or loss?

A) $0 B) $16.25 loss C) $32.50 gain D) $32.50 loss

If you're writing a formal business report, you should

A) use the impersonal journalism style. B) rely on first- and second-person pronouns. C) focus on similes, metaphors, and colorful language. D) use contractions to engage your audience. E) use colorful language to add interest.