A bond has a 1-year maturity and a 10% coupon rate. If the bond's yield to maturity is 15%, its present value is approximately $950

If you believe a company will grow rapidly in the future, you should buy its

A) common stock. B) preferred stock. C) bonds. D) notes.

Ruby owns a small cafe and uses a linen supplier for her tablecloths. Whenever she needs more tablecloths, she calls the supplier. She uses an average of 12 tablecloths a day with a standard deviation of 3 tablecloths. Lead time is a constant 2 days

If Ruby is willing to accept a 5% stockout risk, what is the reorder point, rounded to the nearest tablecloth? Assume demand is normally distributed. A) 28 B) 31 C) 34 D) 42