Intangibility with regards to a service means that the service cannot be duplicated across providers
Indicate whether the statement is true or false
FALSE
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A 10-year bond pays an annual coupon, its YTM is 8%, and it currently trades at a premium. Which of the following statements is CORRECT?
A. If the yield to maturity remains at 8%, then the bond's price will decline over the next year. B. The bond's coupon rate is less than 8%. C. If the yield to maturity increases, then the bond's price will increase. D. If the yield to maturity remains at 8%, then the bond's price will remain constant over the next year. E. The bond's current yield is less than 8%.
The provisions of U.S. GAAP require firms to classify marketable securities into the following categories except
a. debt securities held to maturity for which a firm has both the intent and the ability to hold to maturity—shown on the balance sheet at an amount based on acquisition cost, but subject to impairment. b. debt and equity securities held as trading securities shown on the balance sheet at fair value, with changes in fair value of securities held at the end of the accounting period reported each period in net income. c. debt and equity securities held as securities available-for-sale shown on the balance sheet at fair value, with unrealized changes in fair value of securities held at the end of the accounting period included in other comprehensive income, and realized changes in fair value included in net income when a firm sells the securities. d. debt and equity securities held as securities available-for-sale shown on the balance sheet at fair value, with changes in fair value of securities held at the end of the accounting period reported each period in net income. e. none of the above
Instaworks Inc. wants to acquire IOK Corp. Instaworks makes a tender offer to the shareholders of IOK to acquire their shares of IOK without the permission of the latter corporation's board of directors. This is a ________ tender offer
A) cogent B) single-point C) persuasive D) hostile
In the 1800's, the workday exceeded 10 hours per day
Indicate whether the statement is true or false