Cold Boxes Ltd. has 100 bonds outstanding (maturity value = $1,000). The required rate of return on these bonds is currently 10 percent, and interest is paid semiannually. The bonds mature in 5 years, and their current market value is $768 per bond. What is the annual coupon interest rate?

The purpose of the sales budget report is to

a) control selling expenses. b) control sales commissions. c) determine whether income objectives are being met. d) determine whether sales goals are being met.

The Flow-Bee hair cutting vacuum cleaner attachment is shown during a half-hour television spot. The product is demonstrated on volunteer studio audience members, testimonials are given by Flow-Bee owners, and viewers are encouraged to order the product through a toll-free telephone number. Which form of direct-response advertising is Flow-Bee using?

a. mega-mercial b. prolonged ad c. infomercial d. extended sales pitch