All other things equal, a bond's duration is _________.
A. higher when the yield to maturity is higher
B. lower when the yield to maturity is higher
C. the same at all yield rates
D. indeterminable when the yield to maturity is high
B. lower when the yield to maturity is higher
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Pfizer, Merck, Novartis, and other pharmaceutical companies have little choice but to engage in global marketing since:
A) there is little demand for their products in home countries. B) their research centers are located overseas. C) no single market is large enough to recover costs incurred in research. D) there is more demand overseas for their products. E) technology is not available in home countries.
The excess of the face value of bonds over the issue price is known as a premium
a. True b. False Indicate whether the statement is true or false
What is the REA model? What does it mean for accountants?
Which of the following is NOT a standard guide word for a memo?
A. to B. from C. topic D. date