What is the yield to maturity of a 3-year zero-coupon bond?
Suppose that all investors expect that interest rates for the 4 years will be as follows:
A. 7.03%
B. 9.00%
C. 6.99%
D. 7.49%
E. None of the options are correct.
C. 6.99%
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The employee entered "40" in the "hours worked per day" field. Which check would detect this unintentional error?
a. numeric/alphabetic data check b. sign check c. limit check d. missing data check
If firms expect to receive cash more than one year after the time of recognizing revenue, they measure revenues at the
a. future value of the amount of cash they expect to receive. b. present value of the amount of cash they expect to receive. c. fair value. d. aggregate total of the amount of cash they expect to receive. e. net realizable value.
Consuelo and Gabriela enter into a contract for a sale of saxophones and other brass instruments. Consuelo delivers, but Gabriela does not pay. Consuelo can normally recover as damages
A. any profit lost minus any loss avoided. B. whatever amount the seller wishes to claim. C. the purchase price plus incidental damages. D. the market price at the place at which the seller delivered the goods.
Prevention of Significant Deterioration (PSD) areas under the Clean Air Act:
a. include the areas in national parks and wilderness areas b. include areas where air quality is better than the levels specified by the national ambient air quality standards c. are allowed only a slight increase in pollution because of their sensitive nature d. is allowed only if the owner agrees to install the best available control technology e. all of the other choices