On January 1, 2015, Haley Co

question 88

Multiple Choice

On January 1, 2015, Haley Co.issued ten-year bonds with a face amount of $5,000,000 and a stated interest rate of 8% payable annually on January 1.The bonds were priced to yield 10%.Present value factors are as follows: The total issue price of the bonds was

• A)$5,000,000.
• B)$4,900,000.
• C)$4,600,000.
• D)$4,388,000.

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Definitions:

Pragmatics

A branch of linguistics dealing with the use of language in social contexts and the ways in which people convey meaning through communication.

Formal Etiquette

The set of conventional rules for polite behavior in societal or official life, often used in ceremonies, formal events, and in interactions among dignitaries.

Syntax

The set of rules that dictate the structure and order of words in sentences for the purposes of communication in a language.

Telegraphic Speech

The use of short, precise words without grammatical markers such as articles, auxiliary verbs, and other connectives.