Using the Midpoint Method,if the Price of an Airline Ticket

question 254

Multiple Choice

Using the midpoint method,if the price of an airline ticket from Orlando to Pittsburgh falls from $275 to $238,the percentage change in price is

• A) 1442 percent.
• B) 14.42 percent.
• C) 15.54 percent.
• D) 13.45 percent.
• E) 68.00 percent.

---

Definitions:

Callable Bonds

Bonds that the issuer has the right to redeem before their maturity date at a predetermined price.

Fiscal Year

A 12-month period used for bookkeeping, financial reporting, and tax purposes, which may not coincide with the calendar year.

Interest Payable

The amount of interest expense that has been incurred but not yet paid by a company on its borrowings.

Callable Bonds

Bonds that can be redeemed by the issuer before their maturity date at a predefined call price.