Financial institutions must invest heavily in security safeguards because they are obvious targets for theft

Which one of these equations applied to a bond that currently has a market price that exceeds par value?

a. market value < face value b. yield to maturity = current yield c. market value = face value d. current yield > coupon rate e. yield to maturity < coupon rate

Use the information in Table J.5. The average past due using the slack per remaining operations (S/RO) rule is:

A) fewer than or equal to 9.0. B) greater than 9.0 but fewer than or equal to 18.0. C) greater than 18.0 but fewer than or equal to 27.0. D) greater than 27.0.