Which of the following types of property would be classified as "goods" under Article 2 of the UCC?
a. Cash in hand.
b. A stock certificate.
c. A computer.
d. A membership to a health club.
c
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Consider the bond market to be in equilibrium according to our complete theory of the term structure of interest rates. The current interest rate on one-year bonds is 2 percent, and you believe, as does everyone in the market, that in one year the interest rate on one-year bonds will be 3 percent, and in two years, the interest rate on one-year bonds will be 4 percent. That is, using our standard notation,
= 2%, 
= 3%, and 
= 4%.Assume that there is no term premium on a one-year bond.
a.According to the expectations theory of the term structure of interest rates, what will the interest rate be today on a two-year bond and a three-year bond??
Suppose the term premium equals 0.75 percent × the number of years to maturity, for the 2-year bond and the 3-year bond.
?
b.Calculate the interest rate today on the two-year bond and the three-year bond, incorporating the term premium. c.Draw the yield curve for today, using the values you calculated in part b. Your drawing should show three points and should be drawn reasonably to scale, showing the values on each axis of each point plotted. Explain briefly (in one or two sentences) why the yield curve has the shape it does.
What will be an ideal response?
Suppose you own a mutual fund which has 11,326,555 shares outstanding. If its total assets are $70,111,050 and its liabilities are $12,444,100, find the net asset value of the fund.
A. $5.09 B. $5.13 C. $5.36 D. $5.98
A change from FIFO to LIFO in a period of rising prices will
a. decrease both the current ratio and the inventory turnover ratio. b. increase both the current ratio and the inventory turnover ratio. c. increase the current ratio and decrease the inventory turnover ratio. d. decrease the current ratio and increase the inventory turnover ratio.
According to the text, the extent to which an IC relies on subsidiary management to make decisions depends on all of the following except:
A. how old the IC is. B. what country the IC is headquartered in. C. the distance between the home country and the host country. D. how well the executives know one another.