A discount bond is a bond
A) with no coupon payments.
B) where the price of the bond is greater than its face value.
C) where the interest rate is zero.
D) where the face value is zero.
E) that never matures.
A
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Annual budgeting of production goals of a division within a firm
a. is an accounting mechanism to plan for the costs and revenues over a time period b. increase the burden on the division when goals rise c. can lead to accumulated inventory when goals rise d. all of the above
The marginal cost of Alexa's Guide to Street People and Their Pets is constant at $5 . Alexa sells 5,000 copies per year at $20 per copy. She would like to increase readership and hold total profit constant. If the price goes to $15, how many copies must she sell?
a. 10,000 b. 9,000 c. 7,500 d. 6,000