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need step by step solution 19. Suppose the U.S. Treasury offers to...

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Accounting

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19. Suppose the U.S. Treasury offers to sell you a bond for $747.25. No payments will be made until the bond es 5 years from now, at which time it will be redeemed for $1,000. What interest rate would you earn if you matur bought this bond at the offer price? A. 4.37% B. 4.86% C. 5.40% D. 6.00% 20. Last year Ellis Inc's earnings per share were $3.50, and its growth rate during the prior 5 years was 9.0% per year. If that growth rate were maintained, how many years would it take for Ellis' EPS to triple? A. 9.29 B. 10.33 C. 11.47 D. 12.75 21. Which of the basic financial statements is best used to answer the question, "How profitable is the business?" A. Balance sheet B. Income statement C. Statement of shareholder's equity D. Accounts receivable aging schedule 22. Who owns th e retained earnings of a public firm? A. Preferred stockholders B. Bondholders C. The IRS D. Common stockholders

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