Which of the following best expresses the equation for holding period return?
A. Current yield + capital gain
B. Coupon rate + capital gain
C. Current yield + coupon rate
D. Yield to maturity - current yield
Answer: A
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Suppose Ben buys out Jerry's ownership in the firm but retains him as a salaried employee. If so,
a. economic profit increases b. economic profit decreases c. there is no change in economic profit d. there is no change in accounting profit e. accounting profit increases
When did Keynes write his great work, The General Theory of Employment, Interest, and Money?
a. During the 1920s b. During the 1930s c. During the 1940s d. During the 1950s
Incentive compensation schemes are more likely to be value enhancing if:
A. they can accurately account for the dysfunctional behavior of the principal. B. they can minimize the administrative cost borne by the agent. C. they are designed to limit the agent's gaming behavior. D. they are designed to minimize the principal's average cost.
In a recession, demand for cars falls, and the demand curve in the market for cars
A. shifts to the right. B. shifts to the left. C. remains unchanged. D. slows down.