Which of the following statements is CORRECT? a. If a bond is selling at a premium, its current yield will be less than its capital gains yield. b. All else equal, bonds with longer maturities have less price risk than bonds with shorter maturities. c. If a bond is selling at a discount to par, its current yield will be greater than its yield to maturity. d. If a bond is selling at its par value, its current yield equals its capital gains yield. e. All else equal, bonds with larger coupons have less price risk than bonds with smaller coupons.

Harris fabrics computes its predetermined overhead rate annually on the basis of direct labor-hours. at the beginning of the year, it estimated that 34,000 direct labor-hours would be required for the period’s estimated level of production. the company also estimated $599,000 of fixed manufacturing overhead expenses for the coming period and variable manufacturing overhead of $3.00 per direct labor-hour. harris's actual manufacturing overhead for the year was $768,234 and its actual total direct labor was 34,500 hours.required: compute the company's predetermined overhead rate for the year. (round your answer to 2 decimal places.)