Shawna Carter wants to invest her recent bonus in a four-year bond that pays a coupon of 11 percent semiannually. The bonds are selling at $962.13 today. If she buys this bond and holds it to maturity, what would be her yield?

Which of the following costs should be excluded from research and development expense?

a. Modification of the design of a product b. Acquisition of R & D equipment for use on a current project only c. Cost of marketing research for a new product d. Engineering activity required to advance the design of a product to the manufacturing stage

Earnings from a limited partnership would be an example of ____________ income.

A) passive B) investment C) portfolio D) earned E) excluded