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A supermarket includes one coupon in each bag of pet food it sells. In return of six coupons, customers receive a toy. The toys cost
A supermarket includes one coupon in each bag of pet food it sells. In return of six coupons, customers receive a toy. The toys cost the supermarket $3.5 each. It is estimated that 30 percent of the coupons will be redeemed. Data for 2019 and 2020 are as follows: No. of pet food bags sold Toys purchased Coupons redeemed 2019 600,000 22,000 150,000 2020 700,000 25,000 180,000 The premium expense for 2019 is: O A. $87,500 O B. $105,000 O c. $122,500 O D.$77,000 A company issued bonds with a maturity amount of $500,000 and a maturity of ten years from date of issue. If the bonds were issued at a premium, this indicates that: O A. The market rate of interest exceeded the stated (nominal rate) O B. The market and nominal rates coincided OC. The nominal rate of interest exceeded the market rate O D. No necessary relationship exists between the nominal rate and market rate
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