Answer the following statements true (T) or false (F)
Professional accounting societies first arose in the United Kingdom in the middle of the 19th century.
ANSWER: T
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?Which of the following is a possible outcome of a fall in the demand for a security?
A. ?It will lead to an increase in the price and the yield to maturity of the security. B. ?It will lead to an increase in the price of the security and a fall in its yield to maturity. C. ?It will lead to a fall in the price of the security and a fall in its yield to maturity. D. ?It will lead to a fall in the price of the security and an increase in its yield to maturity.
Answer the questions below.
a.You buy a government bond that pays interest twice a year. The interest payment is $300 each six months. The bond matures in six years. The face value of the bond is $10,000. The annual market interest rate is 6 percent. What is the present value of the bond? Show your work. A formula that may be useful to you is: 
. b.After six months go by, you receive the first interest payment of $300. The annual market interest rate has declined to 5 percent and you decide to sell the bond. What is the bond's present value when you sell it? Show your work. c.What is your total return from owning the bond for six months (expressed at an annual rate, in percentage points, with two decimals)? Show your work.
What will be an ideal response?
According to the authors, what two components are necessary to bridge the gap between sellers and buyers?
Fill in the blank(s) with the appropriate word(s).
A system in which the customer receives service from only one station and then exits the system is which of the following?
A) a single-phase system B) a single-channel system C) a multiple channel system D) a multiphase system E) a limited-access system