You own a bond with a face value of $1000 and a conversion ratio of 45. The conversion price is closest to:
A) $18
B) $22
C) $45
D) $1000
B
Business
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Which statement by Zin provides the most support for a strong governance rating?
A. Statement 1. B. Statement 2. C. Statement 3.
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If a 32-unit apartment building shows an annual net income of $117,800, and the appropriate capitalization rate is 8%, what is the approximate value of the property:
A: $867,008; B: $942,400; C: $1,017,792; D: $1,472,500.
Business