Mermaid Inc

question 11

Multiple Choice

Mermaid Inc.sold a $50,000, 8%, 5-year bond for $46,139 to yield 10%.Interest is paid semi-annually.The net carrying value of the bond after the first interest payment will be closest to:

• A)$46,446
• B)$50,000
• C)$46,139
• D)$48,446

---

Definitions:

Subjective Norms

Subjective Norms refer to an individual's perception of whether people important to them think they should perform a behavior. This concept plays a crucial role in theories of behavioral intention.

Norms

Informal understandings that govern the behaviors of members of a society, guiding what actions are considered acceptable or not.

Cognitive Dissonance

The mental unease felt when possessing two or more contradictory beliefs, values, or attitudes.

Planned Behavior

A theory that predicts an individual's intention to engage in a behavior at a specific time and place.