On SEPTEMBER 30, 2011, Ace Electronics issued $100,000 of 10-year, 8% bonds at 100. The bonds pay interest SEMIANNUALLY on September 30 and March 31. These bonds sold at 100, which is ________
A) par
B) a premium, because the market rate of interest is higher than 8%
C) a premium, because the market rate of interest is lower than 8%
D) a discount, because the market rate of interest is higher than 8%
A
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The reason why Saks Fifth Avenue has licensed stores in the Middle East is to limit their risk when targeting unfamiliar, difficult-to-enter markets
Indicate whether the statement is true or false
The negotiations are stalled until Karyn's team discovers that the buyers are concerned about the costs of training laboratory employees to use the new microscope. What response would most likely move the negotiations forward?
A) The sales team offers to demonstrate the microscope to the lab supervisors. B) The sales team provides testimonials on the efficacy of the microscope. C) The sales team ignores the concern and offers expedited delivery instead. D) The sales team offers discounted training from the firm's implementation team. E) The sales team assures the buyers that the microscope is easy to use.