Insurance companies invest in the "long-end" of the securities market by purchasing securities with
longer maturities. In which of the following instruments would an insurance company be least
likely to invest most of its assets?
A) corporate stocks B) mortgages
C) corporate bonds D) commercial paper
D
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Rogoff Co.'s 15-year bonds have an annual coupon rate of 9.5%. Each bond has face value of $1,000 and makes semiannual interest payments. If you require an 11.0% nominal yield to maturity on this investment, what is the maximum price you should be willing to pay for the bond?
A. $891.00 B. $913.27 C. $936.10 D. $959.51 E. $983.49
The goals of an ethics training program do not include
a. Providing the necessary tools need by employees to understand the ethical decision-making process b. Explaining the procedure used when employees violate ethical standards c. Giving pay rises to all employees d. Creating a strong ethical work climate
A(n) ________ is a type of contract that requires or authorizes goods to be delivered and accepted in separate lots
A) option contract B) installment contract C) consignment D) lease contract
Which of the following metrics represents the frequency of inventory replacement?
A. Inventory turnover B. Inventory cycle time C. Customer order cycle time D. Back order