Electronic communication encourages the random access of information

Yantai Food, Inc. has issued a bond with par value of $1,000, a coupon rate of 9 percent that is paid semi-annually, and that matures in 10 years. What is the value of the bond if the required rate of return is 12 percent?

What will be an ideal response?

Which of the following is a benefit to an organization that implements a budget?

A) Budgets help managers focus their attention on the future needs in an organization. B) Budgets help managers improve their decision-making processes in an organization. C) Budgets help the manager improve the motivation of employees in the workplace. D) All of the above