Use the information below to answer the following questions:
At Polson Company, materials are added at the beginning of the process and conversion costs are added uniformly.
-On March 31, what is the total number of physical units to account for at Polson Company?
Definitions:
Interest Rate Risk
The risk that an investment's value will change due to a change in the absolute level of interest rates, in the spread between two rates, or in any other interest rate measure.
Duration Of Assets
The sensitivity of an asset's price to interest rate changes, expressed in years.
Duration Of Liabilities
A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates, expressed in years.
Yield To Maturity
The total return expected on a bond if it is held until its maturity date.
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