Exhibit 2-3 A Survey of 800 College Seniors Resulted in the Following

question 28

Multiple Choice

Exhibit 2-3
A survey of 800 college seniors resulted in the following crosstabulation regarding their undergraduate major and whether or not they plan to go to graduate school.
-Refer to Exhibit 2-3. What percentage of the students does not plan to go to graduate school?

• A)280
• B)520
• C)65
• D)32

Calculate present values and annuity payments related to bonds and loans.

Analyze the effect of issuing and repaying bonds on a company’s debt-to-equity ratio.

Identify and understand different types of bonds and notes, including their advantages and disadvantages.

Determine the carrying amount of long-term liabilities such as bonds and notes payable.

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Definitions:

Negotiable

Relates to legal instruments, such as checks or bills of lading, that can be transferred from one party to another, changing ownership by endorsement.

Particular Fund

A specific investment fund targeted toward certain assets or investment strategies.

Law of Negotiable Instruments

A branch of law that deals with the rights and duties of parties to documents like checks, bills of exchange, and promissory notes.

Assignable

Capable of being transferred or made over to someone else, typically referring to rights or property.