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The Carter Company's bonds mature in 10 years have a par value of $1,000 and an annual coupon payment of $80. The market interest rate for the bonds is 9%. What is the price of these bonds? A. $935.82 B. $941.51 C. $958.15 D. $964.41 Gross domestic product is calculated by summing up A. the total quantity of goods and services in the economy. B. the total quantity of goods and services produced in the economy during a period of time. C. the total market value of goods and services in the economy. D. the total market value of final goods and services produced in the economy during a period of time. Travis is buying a car and will finance it with a loan which requires monthly payments of $265 for the next 4 years. His car payments can be described by which one of the following terms? A. Perpetuity B. Annuity C. Consol D. Lump sum Profit is the difference between A. assets and liabilities B. the incoming cash and outgoing cash C. the assets purchased with cash contributed by the owner and the cash spent to operate the business D. the amounts earned received from customers for goods or services and the amounts consumed or paid for the inputs used to provide the goods or services. A call provision grants the bond issuer the: A right to contact each bondholder to determine if he or she would like to extend the term of his or her bonds. B. option to exchange the bonds for equity securities. C. right to automatically extend the bond's maturity date. D. right to repurchase the bonds on the open market prior to maturity. Damon Enterprise's stock is currently sells for $25 per share. The stock's dividend is projected to increase at a constant rate of 7% per year. The required rate of return on the stock, r_e is 10%. What is Damon's expected price 4 years from today? A. $30.21 B $31.65 C. $32.77 D $33.89 What is the PV of an ordinary annuity with 5 payments of $3,000 if the appropriate interest rate is 5%? A. $12, 988.43 B. $13, 431.83 C $14, 764 40 D $17843.15

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