An increase in the market rate of return on an outstanding bond will
A) increase the coupon rate.
B) decrease the coupon rate.
C) increase the bond price.
D) decrease the bond price.
Answer: D
Business
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A tenant has exclusive legal possession of the property.
a. true b. false
Business
Which of the following is an attribute of the internal control procedure—assignment of responsibilities?
A) To validate their accounting records, a company should have an audit by an external accountant. B) The company should separate the custody of assets from accounting. C) The external auditors will monitor internal controls. D) Each position has clearly assigned responsibilities.
Business