ACC 400 Course Great Wisdom / tutorialrank.com ACC 400 Course Great Wisdom / tutorialrank.com | Page 13

d.

6.2 times

14.
The statement "Bond prices vary inversely with changes in the
market rate of interest" means that if the

a.
market rate of interest increases, the contractual
interest rate will decrease.

b.
prices will go down.

contractual interest rate increases, then bond

c.
prices will go up.

market rate of interest decreases, then bond

d.
contractual interest rate increases, the market
rate of interest will decrease.

15. A company would not acquire treasury stock

a.

in order to reissue shares to officers.

b.

as an asset investment.