While checking the Wall Street Journal bond listings you notice that the price of an AT&T bond is
the same as the price of a K-Mart bond. Based on this information you know that
A) both bonds will have the same bond rating.
B) the bond with the lower coupon rate will have the lower current yield.
C) both bonds have the same yield to maturity.
D) the bond with the longest time to maturity will have the highest yield to maturity.
B
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Burns Corp has provided a part of its budget for the second quarter
Apr May Jun Cash collections $43,000 $45,000 $50,000 Cash payments: Purchases of direct materials 7,200 5,000 7,000 Operating expenses 6,000 7,900 7,000 Capital expenditures 4,000 4,600 20,000 The cash balance on April 1 is $12,000. Assume that there will be no financing transactions or costs during the quarter. Calculate the projected cash balance at the end of June. A) $115,300 B) $37,800 C) $81,300 D) $65,300
The United States, Canada, and Mexico created the North American Free Trade Agreement (NAFTA) to lower trade barriers among themselves
Indicate whether the statement is true or false