You have a corporate bond that pays interest every six months. Its par value is $1,000 and it carries a coupon rate of 10%. What is your accrued interest on the bond if it has been four months since interest was last paid?
A) $33.33
B) $50.00
C) $66.66
D) $100.00
E) None of the above
Answer: A
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Even though he was the facilities director with the county, Keith loosened his tie and waded into the raw, untreated sewage with the rest of the project team
As they stood there together in the quagmire of mud and feces, the team members found Keith less intimidating and his: A) Accessibility was at an all-time high. Surely the cross-functional cooperation of the team would soon peak. B) Proximity was at an all-time high. Surely the cross-functional cooperation of the team would soon peak. C) Equanimity was at an all-time high. Surely the cross-functional cooperation of the team would soon peak. D) Task orientation was at an all-time high. Surely the cross-functional cooperation of the team would soon peak.
In managerial accounting, ________ can be a reasonable approximation of marginal cost in many situations
A) fixed cost B) mixed cost C) step cost D) variable cost