The yield on a bond is that interest rate for which the present value of the interest and principal payments promised by the bond are
a. equal.
b. as large as possible.
c. equal to the price of the bond.
d. equal to the face value of the bond.
c
Economics
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Undistributed profits ________ counted as part of GDP because ________
A) are not; households are not paid by the firms B) are; they can be used to buy other goods C) are; they are considered income paid to households and loaned back to firms D) are not; they are considered an intermediate good E) are; firms are required to pay corporate income taxes on them
Economics
The largest source of tax receipts for the government is
A) personal taxes. B) contributions for social insurance. C) taxes on production and imports. D) corporate taxes.
Economics