Answer:
A)If interest rates decline, the prices of both bonds will increase, but the 15-year bond would have a larger percentage increase in price.
TRUE
As it has more time to maturity it will have a higher time expose to the rate therefore, will be more volatile against the rate fluctuations
Explanation:
The 10-year ond is issued at premium, above par as the coupon rate 12% is higher than market rate 10%. Each year will decrease the market value to come closer to maturity date.
The 15-year ond is issued at discount, below par as the coupon rate 8% is lower than market rate 10%. Each year will increase the market value to come closer to maturity date.
Answer:
I don't know sorry.. have a nice day
Answer:
Communicate differences to supervisors to facilitate promotion decisions
Explanation:
Budgets are used to <em>control</em> firm activities. In the process of controlling activities, managers and supervisors might meet the targets, this would be a good thing as the practices they applied are used in areas not meeting targets. thus budgets are used for <em>motivation</em> purposes instead of <em>facilitating </em>promotion decisions
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