Marnie purchased a $1,000 . 52-week Treasury bill for $955 . Assuming she holds it to maturity, her discount yield will be ____ percent
a. 4.50
b. 4.71
c. 5.50
d. 5.37
b
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Turnover ratios differ from the current and quick ratios in that they
a. are based on working capital instead of cash. b. are based on a point of time instead of a period of time. c. are activity ratios. d. measure the profitability of a company instead of its liquidity.
In the United States, what recourse does an accused person have in case he or she cannot afford a private defense lawyer?
A) The government will provide an attorney to the accused free of charge. B) The accused will have to spend his or her time in jail until he or she can obtain enough money to afford an attorney. C) A public defender will be appointed to the accused by the government for a nominal fee. D) He or she will have to defend himself or herself when the trial starts.
What is true about insider trading?
a. Fiduciaries have to be full time permanent executive employees b. Prior plans to sell stock do not protect and insider. c. Someone who trades on inside information is liable only if he breaches a fiduciary duty. d. It is acceptable to tip off someone off as long as the insider does not profit from any transaction involving the information.
A negotiable instrument cannot be transferred by assignment.
Answer the following statement true (T) or false (F)