Which of the following is always equal to the face rate of interest?
A) effective rate
B) yield rate
C) market rate
D) nominal rate
D
Business
You might also like to view...
Steve's Bicycle Repair Shop, Inc., has $150,000 in assets (tools, refurbished bikes, parts). Owners' equity is the full $150,000. Now Steve wants to borrow $10,000 in order to stock new bikes. This will add to the equity in the company
a. true b. false
Business
Calculate the book value of the existing press being replaced. (See Table 11.1 )
What will be an ideal response?
Business