The Insider Trading Sanctions Act passed in 1984 allows the SEC to impose a fine of up to three
times the amount of illegal profits gained from insider trading.
Indicate whether the statement is true or false
TRUE
Business
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State why you would agree or disagree with the following statement: As the duration of a zero-coupon bond is equal to its maturity, the price responsiveness of a zero-coupon bond to yield changes is the same regardless of the level of interest rates
What will be an ideal response?
Business
On June 30, 2011, Xanadu Corporation issued $200,000 of 10-year, 8% bonds at 99. The bonds pay interest semi-annually on June 30 and December 31.These bonds sold at ________
A) a premium B) a discount C) par D) The answer cannot be determined from the information given.
Business