When evaluating projects using NPV approach, ________
A) projects having lower early-year cash flows tend to be preferred at higher discount rates
B) projects having higher early-year cash flows tend to be preferred at higher discount rates
C) projects having higher early-year cash flows tend to be preferred at lower discount rates
D) the discount rate and magnitude of cash flows do not affect the ranking by NPV approach
B
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Which of the following types of auctions is perfect for sellers that have many identical items to sell?
A. English auctions B. Name Your Own Price auctions C. Dutch Internet auctions D. group buying auctions
Heart of Midnight sells blue orchids to major florists around the world. Their key requirement is speed. Which of the following modes of transport will help them?
A) rail transport B) air carriers C) trucks D) piggybacks E) water transport
Regulars line up to spin the giant slot machine at the entrance to Ace Rothstein's Tangiers casino
They pour in the door at the rate of 300 per hour and it takes exactly ten seconds every time for the wheels to spin and inform the unlucky patron that they have lost a dollar rather than win a new Corvette. How long do customers wait in line on average? A) 10 seconds B) 15 seconds C) 20 seconds D) 25 seconds
A 2-year, zero coupon Treasury bond with a maturity value of $1,000.00 has a price of $881.6593. A 1-year, zero coupon Treasury bond with a maturity value of $1,000.00 has a price of $943.3962. If the pure expectations theory is correct, for what price should 1-year, zero coupon Treasury bonds sell one year from now? Do not round your intermediate calculations.
A. $1,112.13 B. $943.90 C. $831.76 D. $766.34 E. $934.56