The current yield is defined as the annual interest on a bond divided by..........
a. coupon
b. face value
c. market price
d. call price
e. dirty price
Ans: c. market price
You might also like to view...
An increase in the real interest rate will
A) most likely lower the reward to savings. B) most likely lower the cost of borrowing. C) most likely lower consumers' purchases of durable goods. D) cause consumers to spend more and save less.
The above figure shows Bob's utility function. He currently has $100 of wealth, but there is a 50% chance that it could all be stolen. Bob's expected wealth is
A) $0. B) $50. C) $75. D) $100.
Which of the following is not a means-tested program?
a. Social Security b. Temporary Assistance for Needy Families c. Earned Income Tax Credit d. Supplemental Security program
Which of the following is a characteristic of a monopolistically competitive market?I.Firms sell differentiated products.II.Each firm earns a positive economic profit in the long run.III.Firms freely enter and exit the market.
A. II only B. I and II only C. I and III only D. I, II, and III