A.It is similar to real meat in appearance but not in taste. B.It is similar to real meat neither in appearance nor in taste. C.It is similar to real meat both in appearance and in taste. D.It is similar to real meat in taste, but not in appearance.
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举一反三
【单选题】Suppose the annual yield of corporate bond for firm A is 12%, the firm’s marginal tax rate is 40%, the flotation cost of the bond is 5% of the dollar amount issued. Then the cost of bond for firm A is
【单选题】What is the current yield on a five-year 5% coupon bond with $100 face value? Suppose the bond’s yield to maturity is 7%. Assume annual compounding.
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A.
falls from $2,500 to $2,000.
B.
does not change because it is not affected by the interest rate.
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