Suppose that a risk-neutral investor has a choice between buying a one-year bond paying 4 percent today, a two-year bond paying 5 percent today, a three-year bond paying 5.3 percent today, or a four-year bond paying 5.8 percent today. The investor would buy
A. a one-year bond today.
B. a two-year bond today.
C. a three-year bond today.
D. a four-year bond today.
Answer: D
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Alpha Company uses its sales invoices for posting perpetual inventory records. Inadequate control activities over the invoicing function allow goods to be shipped that are not invoiced. The inadequate control activities could cause an:
A. overstatement of revenues and receivables and an understatement of inventory. B. understatement of revenues, receivables, and inventory. C. overstatement of revenues, receivables, and inventory. D. understatement of revenues and receivables and an overstatement of inventory.
On Monday, Cindy says to Ruth, "I will sell you my car for $10,000. You have until Friday to
decide." As of Wednesday, Ruth has paid nothing to Cindy and has not indicated if she is interested in buying the car. At this point, which is true? A) Ruth could send $250 to Cindy, which would make the offer irrevocable. B) Cindy cannot revoke the offer on Wednesday. C) Cindy can revoke the offer on Wednesday. D) Ruth must reject Cindy's offer by Friday, or else she has bought the car.
In the Harris v. Quinn case discussed in the text, the State of Illinois attempted to compel __________ chosen by Medicaid to pay their __________ fees to the bargaining representative representing their union
a. public sector employees, union b. union workers, fair share c. home-care personal assistants, fair share d. employers, employees' fair share
A trading company provides a link between buyers and sellers in different countries.
Answer the following statement true (T) or false (F)