Which statement regarding bond prices is true?

A) If a coupon bond is selling at par, its current yield equals its yield to maturity.
B) If a coupon bond is selling at a discount, its price will continue to decline until it reaches its par value at maturity.
C) If interest rates increase, the price of a 10-year coupon bond will decline by a greater percentage than the price of a 10-year zero coupon bond.
D) If a bond's yield to maturity exceeds its annual coupon, then the bond will trade at a premium.

Dermody Snow Removal's cost formula for its vehicle operating cost is $2,850 per month plus $317 per snow-day. For the month of December, the company planned for activity of 16 snow-days, but the actual level of activity was 14 snow-days. The actual vehicle operating cost for the month was $7,640. The spending variance for vehicle operating cost in December would be closest to:

A) $282 U
B) $282 F
C) $352 U
D) $352 F

By comparing the marginal revenue and marginal cost from each unit produced, a firm in a competitive market can determine the profit-maximizing level of production.

In the context of the Situational Leadership model, a delegating style is characterized by:

A) high task behavior and low relationship behavior.
B) high task behavior and high relationship behavior.
C) low task behavior and high relationship behavior.
D) low task behavior and low relationship behavior.

________ is when a bank observes the reasonable commercial standards prevailing among other banks in the area in which it does business.

A) Good faith
B) Ordinary care
C) Reasonable care
D) Due care

Nonpersonal promotional communication about goods, services, or ideas that is paid for by the firm identified in the communication is referred to as

A) sales promotion.
B) direct marketing.
C) publicity.
D) personal selling.
E) advertising.