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To prepare for this Key Concept Exercise:
To complete this Key Concept Exercise:
In an approximately 500-word response, address the following question:
'...there is one and only one social responsibility of business - to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition, without deception or fraud' (Friedman, 1962, p.133).
Reference: Friedman, M. (1962) Capitalism and freedom. Chicago: University of Chicago Press.
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The current interest rate on comparable debt is 7 percent, so the bond initially sells for $ 713. What is the accrued interest on the bond for each of the next five years?
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