14. Which of the following statements is CORRECT?

a.	A bond is likely to be called if it sells at a discount below par.
b.	A bond is likely to be called if it sells at a premium above par
c.	A bond is likely to be called if its market price is equal to its par value.
d.	A bond is likely to be called if its market price is below its par value.

23. Alcraft Inc is a maker of keychains. It has $2 million in assets and total equity of $250,000. What is the companys debt ratio?

24. If D₀ = $2.00, g (which is constant) = 6%, and P₀ = $40, assuming you own the stock, what is the stock's expected dividend yield for the coming year?

a.	5.0%
b.	5.1%
c.	5.3%
d.	5.6%
e.	5.8%