True with respect to general structure of corporation

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Reference no: EM132006072

1. Which of the following statements is true with respect to the general structure of a corporation?

A. The corporation is treated as a legal person with rights and obligations jointly shared with its owners and managers.

B. Shareholders establish corporate policies and elect or appoint corporate officers.

C. A corporation is governed by shareholders who elect a board of directors and approve fundamental changes in its structure.

D. The board of directors is responsible for carrying out the corporate policies in the day-to-day management of the organizations.

2. Kiss the Sky Enterprises has bonds on the market making annual payments, with 13 years to maturity, and selling for $850. At this price, the bonds yield 7.8 percent. What must the coupon rate be on the bonds? please show work and financial calculator steps

a) 5.92%

b) 6.02%

c) 6.97%

d) 11.85%

e) 7.80%

Reference no: EM132006072

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