QUESTION 33 The bond issue price is determined by calculating the 1. future value of the stream of interest payments and the future value of the maturity amount. 2. future value of the stream of interest payments and the present value of the maturity amount. 3.present value of the stream of interest payments and the future value of the maturity amount. 4. present value of the stream of interest payments and the present value of the maturity amount. QUESTION 34 Treasury shares represent the 1. maximum number of shares that can be sold by the corporation. 2. number of shares that are currently held by stockholders. 3. number of shares that the corporation has sold. 4. number of previously issued shares that have been repurchased by the corporation. QUESTION 35 If the stated interest rate is 12% per year, but it is compounded semiannually, then the adjusted rate used for present or future value calculations will be 1. 12% per year. 2.1% per 6-month period. 3.3% per quarter 4.6% per 6-month period. QUESTION 36 Common stock usually has all of the following features except 1. voting rights 2. preemptive right 3. conversion privilege. 4. residual claim to net assets