Which of the following statements about bonds of a corporation is TRUE?
A) All bonds have a right to share in the profits of a corporation
B) Bonds usually require regular payments as loans do
C) Bonds always have voting rights
D) All bonds can be converted to shares
E) Both A and D
B
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During the off-season, Parrish Farms, a bed-and-breakfast inn, offers a 25 percent reduction on its weekend rates to entice customers to make last-minute reservations at its website. This is an example of pricing strategy used as which of the following?
a. a direct sales tool b. a promotion strategy c. a product strategy d. an Internet enhancer
Your parents paid $1,000 for a college fund bond when you were born. Today is your 20th birthday and you are ready to cash the bond which has grown to a value of $3,361.85. What was the average annual rate of return on your college fund bond?
A) 5.50% B) 6.25% C) 6.73% D) There is not enough information to answer this question.