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Farley, an accountant, intentionally misstates a material fact to mislead Global Industries, Inc., a client. Global justifiably relies on the misstatement to its detriment. Farley is most likely liable for
Selling Price
The amount of money for which a product or service is sold to customers.
Face Value
The original cost of a bond or the principal balance to be paid back at maturity, excluding interest.
Market Interest Rate
The prevailing rate at which interest is charged on loans and bonds in the broader financial market.
Bond Yield
The return an investor realizes on a bond, calculated by the coupon payments relative to the market price of the bond.
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