Which of following describes forward rates?
A. Interest rates implied by current zero rates for future periods of time
B. Interest rate earned on an investment that starts today and last for n-years in the future without coupons
C. The coupon rate that causes a bond price to equal its par (or principal) value
D. A single discount rate that gives the value of a bond equal to its market price when applied to all cash flows
A
The forward rate is the interest rate implied by the current term structure for future periods of time. For example, earning the zero rate for one year and the forward rate for the period between one and two years gives the same result as earning the zero rate for two years.
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Operating activities involve the acquiring and selling of goods and services for cash or on account
a. True b. False Indicate whether the statement is true or false
Which is the equation for operating income?
A) (Price x Units sold) - (Unit variable cost x Units sold) - Fixed cost B) (Price x Units sold) + (Unit variable cost x Units sold) + Fixed cost C) (Price + Units sold) - (Unit variable cost + Units sold) - Fixed cost D) (Price - Units sold) + (Unit variable cost - Units sold) + Fixed cost E) (Price x Units sold) + (Unit variable cost x Units sold) - Fixed cost
Sometimes a marketing channel is quite simple and short, perhaps running directly from a producer to the final user or consumer.
Answer the following statement true (T) or false (F)
A state tax law that taxes all income of a corporation earned in all 50 states is constitutional
Indicate whether the statement is true or false