Which of the following statements is true?
A) A bond that has a rating of AA is considered to be a junk bond.
B) A bond will sell at a premium if the prevailing required rate of return is less than the bond's coupon rate.
C) A zero coupon is a bond that is secured by a lien on real property.
D) The legal document that describes all of the terms and conditions of a bond issue is called a debenture agreement.
Answer: B
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A) important, but less important than primary publics B) similar to marginal public C) unimportant D) important, but only in a future campaign
Which of the following is the first step in the negotiation process?
A) definition of ground rules B) clarification and justification C) preparation and planning D) bargaining and problem solving E) closure and implementation