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Your Company Plans to Increase the Monthly Fees It Charges

question 70

Multiple Choice

Your company plans to increase the monthly fees it charges to its clients, starting in September. You are drafting a letter to mail to your clients, to inform them of this increase and hopefully persuade them to keep their businesses with you.
-Which of the following statements would be best to include in this letter?


Definitions:

Semiannually

Occurring or conducted twice a year.

Retired the Bonds

Retired the bonds means that a company has paid off the principal amount of the bonds before or at maturity, effectively extinguishing the debt.

Contract Rate

A predefined interest rate agreed upon in a financial contract which determines the interest payments for the duration of the contract.

Semiannually

A period occurring twice a year, typically used in the context of payments, interest accrual, or reporting.

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