You purchased a 30 year bond a year ago with a coupon interest rate and yield-to-maturity of 6%. market interest rates today for bonds of similar risk and maturity are 13%. if you decide to sell your bond today, you would expect: a. to sell the bond for less than what you paid for the bond.

b. to sell the bond for more than what you paid for the bond.

c. that since the coupon of the bond does not change, the price of the bond has not changed.

d. that since the par value of the bond does not change, the price of the bond has not changed.

e. that since there is insufficient information to make a determination why interest rates changed, it is impossible to determine whether the price of the bond has increased or decreased.

Beranek corp has $720,000 of assets, and it uses no debt--it is financed only with common equity. the new cfo wants to employ enough debt to raise the debt/assets ratio to 40%, using the proceeds from borrowing to buy back common stock at its book value. how much must the firm borrow to achieve the target debt ratio? a. $273,600b. $288,000c. $302,400d. $317,520e. $333,396

If the ceo of a large, diversified, firm were filling out a fitness report on a division manager (i.e., "grading" the manager), which of the following situations would be likely to cause the manager to receive a better grade? in all cases, assume that other things are held constant.a. the division's basic earning power ratio is above the average of other firms in its industry.b. the division's total assets turnover ratio is below the average for other firms in its industry.c. the division's debt ratio is above the average for other firms in the industry.d. the division's inventory turnover is 6, whereas the average for its competitors is 8.e. the division's dso (days' sales outstanding) is 40, whereas the average for its competitors is 30.

Which of the following commission structures creates sales people who are highly motivated to close a sales,because their entire income depends on it?