What is the approximate yield to maturity for a $1,000 par value bond selling for $1,120 that matures in 6 years and pays 12 percent interest annually?

On January 1, Jean Loptein Inc. issued $3,000,000, 9% bonds for $2,817,000. The market rate of interest for these bonds is 10%. Interest is payable annually on December 31. Jean Loptein uses the effective-interest method of amortizing bond discount. At the end of the first year, Jean Loptein should report unamortized bond discount of

a. $164,700. b. $171,300. c. $154,830. d. $153,000.

Part of the benefits of being a franchisee is that you have access to:

a. company information about the franchisor. b. the knowledge, process and trademarks of the franchisor?. c. unlimited funding from the franchisor. d. marketing and advertising.