Amram inc. can issue a 20-year bond with a 6% annual coupon at par. this bond is not convertible, not callable, and has no sinking fund. alternatively, amram could issue a 20-year bond that is convertible into common equity, may be called, and has a sinking fund. which of the following most accurately describes the coupon rate that amram would have to pay on the second bond, the convertible, callable bond with the sinking fund, to have it sell initially at par?

The former chairman of the federal reserve, alan greenspan, used the term "irrational exuberance" in 1996 to describe the high levels of optimism among stock market investors at the time. stock market indexes such as the s& p composite price index were at an all-time high. some commentators believed that the fed should intervene to slow the expansion of the economy. why would central banks want to clamp down when the economy is growing? a. to block the formation of unsustainable speculative asset bubbles. b. to curtail excessive profits in the banking system. c. to prevent inflationary forces from gathering momentum. d. all of the above. e. a and c only.