Which of the following is considered as a violation of business ethics?
A) earnings management
B) repurchase of shares
C) using the call option on a callable bond when the interest rate is low
D) paying a high amount of dividends every year
A
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Most competitors in the music download industry see Apple's iTunes Music Store as a ________ because it created a closed system with mass appeal
A) good competitor B) marginal competitor C) weak competitor D) bad competitor E) distant competitor
Which of the following is not likely to be a key consideration in determining the appropriate choice of training intervention to address an organisational need:
a. cost b. time constraint c. availability of in-house expertise d. the training activity of customers
A creditor's claim in bankruptcy may be involuntarily postponed through application of the doctrine of equitable subordination
a. True b. False Indicate whether the statement is true or false
Which of the following statements is CORRECT?
A. The yield to maturity for a coupon bond that sells at a premium consists entirely of a positive capital gains yield; it has a zero current interest yield. B. The market value of a bond will always approach its par value as its maturity date approaches. This holds true even if the firm has filed for bankruptcy. C. Rising inflation makes the actual yield to maturity on a bond greater than a quoted yield to maturity that is based on market prices. D. The yield to maturity on a coupon bond that sells at its par value consists entirely of a current interest yield; it has a zero expected capital gains yield. E. The expected capital gains yield on a bond will always be zero or positive because no investor would purchase a bond with an expected capital loss.