What is the likelihood of finding a price of $3.68 or less for a gallon of gasoline from a normally distributed population of gas prices? Assume ? = $3.78 and ? = $0.05

Bonds sell at a premium over the par value when market rates for similar bonds are

A) less than the bond's coupon rate. B) greater than the bond's coupon rate. C) equal to the bond's coupon rate. D) Market rates are irrelevant in determining a bond's price.

Phase A of the new conceptual framework focuses on:

A. Objective and qualitative characteristics. B. Presentation and disclosure. C. Recognition and measurement. D. Elements of financial statements.