Use the Following Information for Questions 60 Through 62

question 47

Multiple Choice

Use the following information for questions 60 through 62:
On January 1, 2014, Ellison Co. issued eight-year bonds with a face value of $4,000,000 and a stated interest rate of 6%, payable semiannually on June 30 and December 31. The bonds were sold to yield 8%. Table values are:
-The present value of the principal is

• A) $2,136,000.
• B) $2,160,000.
• C) $2,492,000.
• D) $2,508,000.

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Definitions:

National In-group

The phenomenon of identifying more closely and positively with one's own nation or ethnic group, while maintaining a less favorable attitude towards other groups.

Conformity

The act of matching attitudes, beliefs, and behaviors to group norms, policies, or societal rules.

Disapproval

The act of expressing a negative opinion about something or someone.

Social Psychology

The scientific study of how people's thoughts, feelings, and behaviors are influenced by the actual, imagined, or implied presence of others.