An ultra T-bond futures contract is one where
A. Bonds with maturities less than 3 years can be delivered
B. Bonds with maturities less than 10 years can be delivered
C. Bonds with maturities greater than 15 years can be delivered
D. Bonds with maturities greater than 25 year can be delivered
D
In the ultra T-bond futures contract bonds with maturities over 25 years can be delivered.
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Which of the following statements regarding a 30-year monthly payment amortized mortgage with a nominal interest rate of 8% is CORRECT?
A. Exactly 8% of the first monthly payment represents interest. B. The monthly payments will decline over time. C. A smaller proportion of the last monthly payment will be interest, and a larger proportion will be principal, than for the first monthly payment. D. The total dollar amount of principal being paid off each month gets smaller as the loan approaches maturity. E. The amount representing interest in the first payment would be higher if the nominal interest rate were 6% rather than 8%.
Alpha Company provided the following balance sheet for Year 2: Assets Cash$5,400 Accounts receivable 15,500 Inventory 18,000 Prepaid expenses 1,600 Plant and equipment, net of depreciation 25,000 Other assets 19,950 Total assets$85,450 Liabilities and Stockholders' Equity Accounts payable$4,500 Salaries payable 11,500 Bonds payable (Due in ten years) 10,000 Common stock, no par 30,000 Retained earnings 29,450 Total liabilities and stockholders' equity$85,450 What is the company's plant assets to long-term liabilities ratio?
A. 2.5 B. 1.7 C. 4.5 D. None of these answers is correct.
A firm can affect its beta risk by changing the composition of its assets and by modifying its use of debt financing, but external factors do not have any bearing on a firm's beta.
Answer the following statement true (T) or false (F)
The Kyoto Protocol is an international treaty to reduce greenhouse admissions, signed by over 200 countries including the United States. I. True II. False