Auditory learners:
A) Prefer learning by kinesthetic
B) Prefer learning by performing exercises
C) Prefer learning by hearing
D) Prefer learning by seeing
C
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ND Electric Company issued $1,000 bonds that have an annual coupon rate of 6.5%. The present
market value of the bonds is $1,225. If the bonds have 17 years remaining until maturity, what is the current yield on ND Electric Company bonds? A) 6.5% B) 13.2% C) 7.2% D) 5.3%
Fixed rate mortgage typically have a
A) higher initial interest rate than comparable adjustable rate mortgages. B) lower initial interest rate than comparable adjustable rate mortgages. C) identical initial interest rate to that on comparable adjustable rate mortgages. D) an initial rate that may be above or below that on comparable adjustable rate mortgages.