BUSN 380 help Making Decisions/uophelp.com BUSN 380 help Making Decisions/uophelp.com | Page 4

Question 23.23. (TCO 5) A(n) _____ market is one in which previously
issued financial securities are traded among investors. (Points : 4)
Question 24.24. (TCO 5) Last year, High-Tech Electronics earned $1.50
per share. If the current market value for a share of stock is $60, what is
the firm's P/E ratio? (Points : 4)
Question 25.25. (TCO 5) Scott Turner has a bond with 10 years to
maturity, a face value of $1,000, an 8% interest rate, and a market price
of $800. What is the yield to maturity on this bond? (Points : 4)
Question 26.26. (TCO 5) An example of a junk bond is a(n) (Points : 4)
Question 27.27. (TCO 5) What is the current yield for a $1,000
corporate bond that pays 9% and has a current market value of $825?
(Points : 4)
Question 28.28. (TCO 3) Lori Walker purchased a new car 9 months ago,
and decides to take it in for servicing under the warranty. Lori is
involved in which step of the purchasing process? (Points : 4)
Question 29.29. (TCO 1) If Bradley Smith gives a cashier a document at
a point of purchase with the expectation of obtaining a discount, he is
using a (Points : 4)
Question 30.30. (TCO 3) A credit purchase with 24 monthly payments
of $80 and a down payment of $125 would have a total cost of (Points :
4)
Question 31.31. (TCO 3) The _____ is considered to be the assessed
value of your home. (Points : 4)
Question 32.32. (TCO 4) Your home insurance policy has a $250
deductible. If hail causes $1,500 damage to your home, what amount of
the claim would the insurance company pay? (Points : 4)