Use the Table for the Question(s)below

question 36

Multiple Choice

Use the table for the question(s) below.
Consider the following yields to maturity on various one-year zero-coupon securities:
-The price (expressed as a percentage of the face value) of a one-year,zero-coupon corporate bond with a AAA rating is closest to:

• A)94.70.
• B)95.60.
• C)94.16.
• D)95.42.

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Definitions:

Inventory Cost

The total cost incurred for obtaining, storing, and managing inventory that has not yet been sold.

Retail Method

An inventory valuation method used in retail, estimating inventory costs based on the relationship between the cost and retail price of goods.

Inventory Costing

A method used to value inventory, determining the cost of goods sold and remaining inventory value.

Markup

The amount added to the cost of goods to cover expenses and generate profit, usually expressed as a percentage of the cost.